Business Services, Industrials | Mergers & Acquisitions, Sponsor Related

Crane Rental Acquired by Maxim Crane

  • TM Capital served as exclusive financial advisor to Crane Rental Corporation in its sale to Maxim Crane Works L.P., the largest provider of comprehensive lifting services in the U.S. and a portfolio company of Platinum Equity
  • Crane Rental, a portfolio company of Hammond, Kennedy, Whitney & Company, Inc., is a leading provider of operated and bare crane rentals, heavy hauling and specialized rigging solutions
  • Crane Rental, headquartered in Florida, serves a wide range of industrial and commercial end markets and boasts an extensive blue chip customer base including General Electric, Siemens, Southern Company and The Walt Disney Company
  • Platinum Equity, a global private equity firm headquartered in Los Angeles, CA, manages over $6 billion of assets
  • The sale of Crane Rental marks TM Capital’s tenth completed transaction with HKW and its affiliates spanning a relationship of over 25 years

See Press Release

Client Testimonial

We are very happy to have been a partner with Crane Rental since 2008.  The management team’s leadership through the recession and subsequent economic expansion is a testament to their expertise in the crane industry.  For over 25 years we have enjoyed working with the TM Capital team.  Through their capable guidance and attention to detail, we were able to complete another successful divestiture for HKW and find a partner for Crane Rental that best positions them for continued success.”
Jim Snyder, Partner, HKW, Chairman, Crane Rental