Cross Country Infrastructure Services Merges with PSS Industrial Group
Cross Country Infrastructure Services, a specialized equipment rental and supply company, last week announced a merger with PSS Industrial Group, a Houston-based distributor of specialty equipment, MRO supplies and material handling solutions to the upstream, midstream and downstream market sectors and industrial markets. Cross Country is a leading provider of specialized construction equipment rental and consumable supply solutions serving critical infrastructure projects.
PSS has about 33 locations. CCIS has seven branches and operates a nationwide platform and a highly specialized rental fleet representing more than $100 million of original equipment cost, complemented by more than 30,000 consumables and supply SKUs sourced from more than 400 manufacturers. CCIS is recognized for its deep industry expertise, extensive inventory, and commitment to delivering reliable, customer focused solutions tailored to the needs of both large national contractors and specialty operators.
The two companies have formed a new entity called PSS Cross Country Infrastructure Solutions.
"This combination is an opportunity to build on the tremendous success of our teams and establish a truly national player for infrastructure solutions,” said Phillip Goodwin CEO of PSSI. “The demand for energy and infrastructure has never been greater. This transaction is about scaling the resources available to our customers and staff, so they are even better positioned to support America's critical infrastructure needs. Our success has always been driven by our people, whose dedication and integrity supports the communities we work in and around, and that passion for service will always be at the core of what we do."
"This business combination is the perfect next step for these two wonderful organizations,” added John James, Cross Country CEO. “Since I founded Cross Country in 1981, we have been focused on servicing customers with integrity. PSSI has done the same. The size, scale, and breadth of solutions that this combination affords our customers is unmatched in the market. I have really enjoyed the process of working with Phillip and his team and I look forward to supporting the new organization going forward."
Expanded Suite
Bringing together two infrastructure solutions companies with complementary strengths, PSS Cross Country is positioned to deliver an expanded suite of solutions supporting energy and infrastructure construction and maintenance projects nationwide.
With more than 40 locations across the United States, PSS Cross Country will offer customers an even more expansive national footprint, providing contractors with specialized equipment rental options, service, inventory access, and field-level operational expertise, supported by a broader network of product experts and training resources regardless of where their projects take them.
PSSI CEO Phillip Goodwin will be CEO of PSS Cross Country, and the senior leadership teams of the two companies will combine and report into Goodwin. Cross Country CEO John James will remain with PSS Cross Country and join the newly expanded leadership team as president of equipment. Huron Consulting Group served as financial advisors to PSS Industrial Group and Jackson Walker LLP served as legal counsel. Houlihan Lokey served as exclusive financial advisor to Cross Country and Greenberg Traurig, LLP served as legal counsel.
Cross Country Infrastructure Services is No. 65 on the RER 100.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.