Huge Story: Target Logistics Selling Bakken Crew Camps to Algeco Scotsman

The Bismarck Tribune is reporting that all those Target Logistics Bakken crew camps we've read so much about over the past three or four years are being sold to Algeco Scotsman for $625 million.

Crew camps: good, bad, or indifferent, it has always been my impression that Target Logistics was a good neighbor, a great member of the community. My few dealings with representatives of the company were always good.

On another note, any company willing to spend $625 million in the Bakken suggests to me that "someone" thinks the Bakken is going to be around for awhile. I can't even begin to do the math, but it seems like a big deal.

Algeco Scotsman, from their website:

Algeco Scotsman is the leading global business services provider focused on modular space and secure storage solutions. We have strong capabilities in safety, design, engineering and construction that allow us to provide a comprehensive range of portable temporary and permanent buildings available in a range of layouts and finishes. We can customize buildings to specifically meet our customer’s needs.

The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Latin America, Ausco Modular in Australia and Portacom Building Solutions in New Zealand. The company and its affiliates manage a fleet of more than 340,000 units, with operations or affiliates in 37 countries including Australia, Austria, Belgium, Brazil, Canada, China, Czech Republic, Finland, France, Germany, Hungary, Italy, Lithuania, Luxembourg, Mexico, Netherlands, New Zealand, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Ukraine, United Arab Emirates, United Kingdom, and United States. The company has a reputation for exceptional customer service, flexibility in meeting customer needs, innovative products and services, and efficient business operations. Algeco Scotsman's global scale and local market expertise enable us to provide exceptional value to our customers.

The site has some great photos, as would be expected. 

And, so, I guess, another Bakken chapter begins. This is really quite exciting.