Patriot Capital Supports Add-on Acquisition by American Equipment Solutions

Brookside Capital Partners Invests in American Equipment Solutions to Support AES Add-on

July 24, 2023

Industrial Services

Brookside Capital Partners provided subordinated debt and an equity co-investment in American Equipment Solutions (AES) to support an add-on acquisition by AES, an existing Rotunda Capital Partners portfolio company. AES, headquartered in Salt Lake City, Utah, is a leading provider of overhead crane/hoist, weighing and measurement solutions with more than 60 locations serving over 8,000 customers across the United States.

Rotunda Capital Partners Forms American Equipment Holdings by Combining American Equipment, Pacific Crane & Hoist and Allied Crane

June 10, 2021

Industrial Services

Rotunda Capital Partners has partnered with the management teams of American Equipment, Pacific Crane & Hoist and Allied Crane to form American Equipment Holdings, a consolidated overhead crane and hoist solutions platform serving the Western United States. Patriot Capital provided a debt and equity co-investment; management (including Adam Zimmerman, Michael Perera and Dave Costa) retains equity and operational roles while the combined company operates 14 locations and serves over 2,000 customers across eight states.

American Equipment Holdings Acquires Patriot Crane & Hoist

August 16, 2022

Industrial Services

American Equipment Holdings, a portfolio company of Rotunda Capital Partners, has acquired Patriot Crane & Hoist, a Suwanee, Georgia-based provider of overhead crane maintenance, repair and overhaul (MRO) field services. The deal expands American Equipment's Eastern U.S. footprint by folding Patriot into its Eastern Crane & Hoist division; Patriot will be managed by owner Gregg Salyer and operate as a division of American Equipment.

American Equipment Holdings Acquires Systems Specialties Incorporated

October 11, 2022

Industrial Services

American Equipment Holdings, a Rotunda Capital Partners portfolio company, has acquired Systems Specialties Incorporated, a Six Mile, South Carolina-based provider of engineered overhead crane systems and MRO field services. The deal is the 13th add-on to the American Equipment platform and expands its national footprint across the Eastern United States.

American Equipment Holdings Acquires Industrial Hoist & Crane

September 26, 2022

Industrial Services

American Equipment Holdings, a Rotunda Capital Partners portfolio company, has acquired Industrial Hoist & Crane, a Rock Springs, Wyoming-based provider of overhead crane maintenance, repair and overhaul (MRO) field services. The deal — the 12th add-on for American Equipment since partnering with Rotunda in May 2021 — expands American Equipment's geographic coverage and service capabilities across the Intermountain West; Industrial Hoist will be rebranded as American Equipment.

American Equipment Holdings Acquires Eastern Crane & Hoist

January 11, 2022

Industrial Services

American Equipment Holdings, a Rotunda Capital Partners portfolio company, has acquired Eastern Crane and Hoist, a Fountain Inn, South Carolina-based provider of overhead crane systems and MRO field services. The deal expands American Equipment's geographic footprint into the Southeast, retains Eastern Crane's leadership team, and strengthens the combined group's service, parts, engineering and fabrication capabilities as part of a broader add-on growth strategy.