News ReleaseAmerican Equipment Holdings Expands Overhead Crane Service Footprint with Acquisitions of ASR Crane and Quality Crane Service
Rotunda Capital Partners LLC
American Equipment Holdings (“American Equipment”), a Rotunda Capital Partners portfolio company, has acquired the overhead crane service businesses of Arlington Sales & Rental (“ASR Crane”) and Quality Crane Service (“Quality Crane”), leading providers of overhead maintenance, repair and overhaul (MRO) field services in the Arizona, Nevada and Southeastern U.S. markets, respectively. The acquisitions of ASR Crane and Quality Crane mark the seventh and eighth acquisition completed by American Equipment since partnering with Rotunda in May of 2021. For over 20 years, ASR Crane has been providing comprehensive overhead crane and hoist services and solutions to customers across the growing Arizona and Nevada markets, including repairs, inspection, new and replacement parts and equipment. ASR Crane will be rebranded as American Equipment and continue to service existing and new customers with the highest quality and reliability. American Equipment’s industry leading engineering capabilities, technical expertise and best-in-class resources will also enhance ASR Crane’s value proposition and strengthen its ability to service its longstanding blue-chip customer base. Quality Crane will join American Equipment’s southeast regional operations and operate as part of its Eastern Crane & Hoist division. “We are excited to add ASR Crane and Quality Crane to the American Equipment family of businesses,” said American Equipment CEO Adam Zimmerman. “These acquisitions represent another strategic step towards building a national one-stop-shop overhead crane solutions provider with an emphasis on MRO field services.” “I am extremely excited about joining the American Equipment team and the many new possibilities this partnership creates for both companies and our employees,” said Duke Nigro, owner of ASR Crane. “American Equipment’s culture and commitment to the highest quality customer service perfectly aligned with our own strategy and I look forward to our collective future growth.” “I could not ask for a better outcome than joining the American Equipment platform and having the opportunity to leverage the best-in-class resources and in-house technical expertise to better serve my loyal customer base,” said David Stakel, founder of Quality Crane. “We look forward to working with David and providing the highest quality solutions to Quality Crane’s longstanding customer base,” said Mark Souza, General Manager of Eastern Crane & Hoist. About American Equipment Holdings American Equipment Holdings is home to a collection of leading overhead crane and hoist distributors and field service providers, including American Equipment, Allied Crane, Eastern Crane & Hoist, Facilities Engineering, Kistler Crane & Hoist, Pacific Crane & Hoist, and Washington Crane & Hoist. The consolidated entity is one of the largest independently owned overhead crane and hoist solutions providers in the country, serving over 4,000 customers nationwide. Together, American Equipment Holdings companies provide comprehensive solutions for everything related to customers’ overhead crane and hoist needs, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated systems, system modernizations and training. American Equipment Holdings represents the industry’s leading manufacturers such as Detroit Hoist, Columbus McKinnon, ACCO, R&M, Demag, Gorbel, Spanco, IMS, Harrington, Conductix, Magnetek & PE, among others, and customers rely on its service, design, engineering, fabrication, and installation capabilities to meet their unique application needs. American Equipment Holdings serves local, regional and national customers across a variety of end markets, including light & heavy industrial, automotive, mining, public utilities, military, aerospace & defense and energy, among others. For more information, visit www.amquipinc.com. American Equipment is aggressively seeking to acquire other overhead crane and material handling equipment, parts and service solution providers and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Ryan Aprill, Principal at Rotunda Capital Partners, regarding acquisition opportunities. About Rotunda Capital Partners Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial & business services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com. Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://www.rotundacapital.com
March 23, 2022 07:43 AM Eastern Daylight Time
