William F. White buys Telescopic Camera Cranes

TelescopicCameraCranes pic-1

Production equipment rental player William F. White International, on a buying binge, has acquired Telescopic Camera Cranes Ltd.

Toronto-based WFW has said it has signed a letter of intent to purchase the Vancouver-based company and its fleet of Technocranes, or telescopic cranes used in film and TV production.

The specialized cranes put camera operators in places they could otherwise not easily reach for scene shots.

The deal, expected to close in June after completion of due diligence, will see Telescopic’s founding partners Andrew Mulkani and Barrie Wells remain as president and vice president of the company, respectively.

WFW-parent Comweb Group recently unveiled $20 million in new investment in production equipment and a $40 million refinancing agreement with BMO Financial Group as it looks to keep pace with changes in film and TV technologies.

The acquisition also follows Sim Digital acquiring PS Production Services.

“Ironically, Whites gave me my first job in the film business over 40 years ago and I’m glad to be back in association with such a widely-respected company,” Telescopic’s Mulkani said Monday in a statement.