The prepack deal set up by administrator BDO with the previous Bryn Thomas directors will save all 46 staff at the north west crane hirer.
The new operating businesses will offer contractors nationwide crane hirer services from a fleet of 40 cranes ranging from from 8t to 500t.
Dermot Power, BDO Business Restructuring Partner, said: “Bryn Thomas Crane Hire had incurred significant losses following the downturn in the construction sector and under utilisation of the fleet of cranes.
“These losses were increased by the high finance costs across the fleet.
“We are, however, pleased to have secured the sale of the company to Bryn Thomas Cranes and Bryn Thomas Holdings , ensuring all 46 jobs have been saved and providing customers with continuity of service.”
The family-owned business originated from Flint but had grown rapidly in recent years to build a network of depots stretching from Manchester and Liverpool to Plymouth and London.