(MENAFN- News Direct) SALT LAKE CITY | November 09, 2021 07:34 AM Eastern Standard Time
American Equipment Holdings (“American Equipment”), a Rotunda Capital Partners portfolio company, has acquired Washington Crane & Hoist (“Washington Crane”), the premier provider of overhead crane maintenance, repair, and overhaul (“MRO”) services and equipment in the Pacific Northwest and Alaska. Washington Crane is the third Acquisition completed by American Equipment since partnering with Rotunda in May of 2021.
For more than 45 years, Washington Crane has been providing a full suite of overhead crane and hoist solutions to market-leading customers throughout the Pacific Northwest and Alaska, including OSHA mandated inspections, preventative maintenance and repair services, parts, engineering, new and replacement equipment, and system modernizations. Washington Crane is headquartered in Pacific, Washington, with additional facilities in Vancouver, Washington and Anchorage, Alaska.
The acquisition of Washington Crane adds another premium brand to American Equipment's portfolio of leading overhead crane and hoist MRO service and equipment providers, and further strengthens its position as the leader in advanced and highly engineered overhead crane systems.
“We are excited to welcome the entire Washington Crane team to the American Equipment family,” said American Equipment CEO Adam Zimmerman.“Leveraging both companies' differentiated capabilities and expanded geographic footprint enables us to deliver unprecedented value to our customers. The acquisition of Washington Crane is a tremendous milestone as we reinforce our position as the trusted partner-of-choice in the overhead crane and hoist markets.”
“I have been extremely impressed with the American Equipment and Rotunda teams, especially their collective vision for the industry,” said Mike Currie, owner and president of Washington Crane.“After meeting with American Equipment, it was clear to me that Adam and his team are building a special company – their focus on their customers, employees, and safety are best-in-class. We are thrilled by the opportunities this acquisition creates for both our customers and our employees.”
Currie will continue to support the company and its customers post-transaction as a special advisor to American Equipment.
About American Equipment Holdings
American Equipment Holdings is home to a collection of leading overhead crane and hoist distributors and service providers, including American Equipment, Pacific Crane & Hoist, Allied Crane, 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 3,000 customers across 17 strategic locations throughout Alaska, Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, Washington, and Wyoming. Together, American Equipment Holdings provides comprehensive solutions for everything related to customers' overhead crane and hoist needs, including OSHA mandated inspections, preventative maintenance and repair services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated cranes, 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 while 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 and heavy industrial, automotive, mining, public utilities, military, aerospace and defense, and energy, among others. For more information, visit .
About Washington Crane
Founded in 1975, Washington Crane is the premier provider of overhead crane maintenance, repair and overhaul services and equipment in the Pacific Northwest and Alaska. Washington Crane provides a comprehensive suite of solutions to a diverse group of world-class customers including OSHA mandated inspections, preventative maintenance and repair services, parts, engineering, new and replacement equipment, and system modernizations. Washington Crane is headquartered in Pacific, Washington with additional facilities in Vancouver, Washington and Anchorage, Alaska. For more information, visit .
About Rotunda Capital Partners
Rotunda Capital Partners is a private equity firm that invests equity capital in established, lower middle market companies. Rotunda partners with management to build data-driven growth platforms within its targeted sectors, including value-added distribution, asset light logistics and industrial/business services. Founded in 2009, the firm has a long history of helping management teams achieve their goals for growth. The Rotunda team actively provides guidance and draws on deep industry and financial relationships to contribute to the successful execution of Rotunda's companies' strategic plans. The firm has offices in Bethesda, MD and Evanston, IL. For more information, visit .
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