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INDUSTRY NEWS


The Crosby Group Invests in Verton Technologies


The Crosby Group, a global leader in lifting, rigging, and load securement hardware, recently announced that it has completed a significant investment in Verton Technologies (“Verton”).


Australian-based Verton has developed and commercialized disruptive advancements in load orientation technology that remove the need for human held tag lines in lifting applications. These innovations play a critical role in improving the safety and productivity of global lifting operations.


The Crosby Group and Verton will collaborate in the market to accelerate the adoption of this game-changing load orientation technology. By leveraging The Crosby Group’s global footprint, Verton will bring an elevated level of safety to an increasing number of workers.


Robert Desel, CEO of The Crosby Group, said: “We are thrilled to partner with Verton in this rapidly growing


space. This investment is a perfect strategic fit due to our common end user base and our shared values of safety, reliability and innovation.”


Verton’s solutions include Everest 6, a 20-ton load orienting spreader beam, Everest 30, a modular load orienting system for a broad range of working load limits, and Windmaster, a load orientation device for wind turbine erection.


Trevor Bourne, CEO for Verton added: “With this new partnership Verton can dramatically increase the pace of innovation and the penetration of our


Stratagraph Names Ashby Pettigrew


as New Company President Stratagraph, a pioneer in providing geological services to the global oil and gas industry for the past six decades, has named Ashby Pettigrew as its new company president.


In his previous role as Stratagraph’s Director of Corporate Development, Pettigrew harnessed more than 20 years of executive marketing and management experience in developing Stratagraph’s international reputation in providing quality, reliable and accurate data services. As President of the company, Pettigrew will work to improve efficiencies across the Stratagraph enterprise, broadening Stratagraph’s current corporate structure, while maintaining the traditional values the company was founded upon.


William Hagan, Stratagraph’s Chief Executive Officer, said, “Stratagraph’s founder was my father, Billy Hagan,


14 www.sosmagazine.biz March 2021


and the core vision, goals and principals he originally laid down for Stratagraph are well understood and respected by Ashby. As president, Ashby will be highly engaged with team members while expanding and improving processes for the company, our employees and our customers. He has a well-deserved place on the Stratagraph leadership team.”


Pettigrew commented, “I am excited to have a leading role within a phenomenal group of individuals. Early in my life, I had the opportunity to spend a significant amount of time with Billy Hagan, and his vast business knowledge was instrumental in shaping my career and management philosophy. I share both Billy and William’s passion for the organization, and William and I will work together to drive the ongoing success of Stratagraph as a global leader in the geological services sector.”


products in the market. As a global leader with strong brand recognition, The Crosby Group creates an exciting platform for Verton’s future.”


This marks The Crosby Group’s fourth transaction in the past 24 months including the acquisitions of Straightpoint, Gunnebo Industries and Feubo.


q +44 0 1226 290 516 H www.thecrosbygroup.com


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