Cranemasters has purchased a new facility in the Chesterfield County Airpark in Chesterfield. The railroad services contractor currently is headquartered in Henrico County and has two satellite offices in Indianapolis and Maryland. The airpark location will employ up to 12 in the first phase, with an initial investment of $1.7 million.
Cranemasters has been in business since 1986. Its primary services are derailment recovery operations, load adjustments and transfers, railroad track maintenance and construction, rail car repair, and contract equipment refurbishment and fabrication.
“We look forward to opening our new facility and growing our opportunities in Chesterfield County,” said Barry Isringhausen, vice president of Cranemasters.
“We are pleased to welcome Cranemasters to Chesterfield County and look forward to the company’s continued growth,” said Dan Gecker, chairman of the Chesterfield County Board of Supervisors. “Our railroads play a strategic role in our economy, and the support to keep them operating at peak efficiency is critical.”
Porter Realty handled the purchase of the facility. The Chesterfield County Economic Development and Planning departments assisted with site and business requirements.