The Terramac line of rubber track crawler carriers has a new owner.
Effective January 1, the company was acquired by CK Power, a manufacturer of power generation and off-highway mobile power solutions based out of St. Louis. CK Power says the acquisition will expand its equipment portfolio and grow its footprint in various energy markets.
“We see tremendous value in the Terramac product line,” says Clayton Costello, VP of Marketing and Corporate Strategy at CK Power. “Terramac carriers are rugged and durable machines that are modernizing remote access construction across an infinite number of markets. We’re confident our acquisition will result in offering more productivity for our customers while strengthening our partnerships.”
According to the companies’ joint announcement, the integration of the two companies is already underway. Terramac will continue operating out of its headquarters in Elburn, Illinois, and will retain its branding.
CK Power says it will also retain Terramac’s current infrastructure and the Terramac dealer network while integrating CK Power’s manufacturing and distribution knowledge into its processes.
The companies say the transition will not impact Terrmac customer service or support.
“Terramac has a strong reputation for providing versatile off-road equipment solutions to a variety of industries,” says Matt Slater, Vice President of Sales and Marketing at Terramac. “We’re excited for this acquisition as it will expand our opportunities for growth from a manufacturing and distribution standpoint while enhancing our customer service.”
Terramac was founded in 2011 by Mike and Lisa Crimaldi, according to the company’s website. It currently offers five rubber track crawler carrier models, in addition to three aimed specifically at utility applications. Last year the company introduced the RT7R, a rotating crawler carrier designed for tight spaces when the payload of a larger carrier isn’t needed.