Crane 1 Services Acquires Overhead Material Handling, Inc.

Crane 1 Services Acquires Bridge Crane Specialists and Bridge Crane Express (Tulsa, OK)

October 16, 2024

Industrial Services

Crane 1 Services Inc., a PE-backed overhead-crane MRO and equipment provider, acquired Bridge Crane Specialists, LLC and Bridge Crane Express, LLC — two custom overhead crane design, manufacturing and service businesses in the greater Tulsa, Oklahoma area. The add-on expands Crane 1's custom crane fabrication capabilities and service footprint in the south-central U.S., and is supported by Crane 1's sponsor, L Squared Capital Partners.

Crane 1 Services Acquires Assets of D&S Hoist & Crane

February 18, 2022

Industrial Services

Crane 1 Services Inc. purchased the assets of D&S Hoist & Crane, LLC on February 18, 2022, expanding its overhead crane inspection, repair and maintenance footprint into the greater Pittsburgh market. The asset purchase adds nearly 30 employees and complementary service and equipment capabilities, and is an add-on to Crane 1's platform supported by PE sponsor L Squared Capital Partners.

Crane 1 Services Acquires Hoist & Crane Systems (Asset Purchase)

April 29, 2022

Industrial Services

Crane 1 Services Inc. purchased the assets of Hoist & Crane Systems, Inc. (H&C) in an add-on acquisition announced April 29, 2022. The asset purchase, sponsored by private equity backer L Squared Capital, expands Crane 1's service footprint into the greater Charlotte / Carolinas market and brings nearly 30 H&C employees and fabrication, inspection and maintenance capabilities into the Crane 1 platform.

L Squared Capital Partners Acquires Crane 1 from Pfingsten

August 17, 2021

Industrial Services

L Squared Capital Partners has acquired Miamisburg, Ohio-based Crane 1, one of the largest U.S. providers of overhead crane MRO services and equipment, from Pfingsten. Crane 1 operates across 15 states with 21 facilities and a large technician workforce, and L Squared intends to continue consolidating the fragmented $3 billion overhead crane services market and build on Crane 1's service and e-commerce capabilities.

Crane 1 Services Acquires Standard Crane & Hoist LLC

August 7, 2024

Industrial Services

Crane 1 Services, a platform backed by L Squared Capital Partners, has acquired Standard Crane & Hoist LLC, a regional provider of overhead crane sales, service, inspection, and repairs with eight locations across Louisiana, Mississippi, and Texas. The add-on will expand Crane 1's service footprint in the southern United States, adding nearly 100 employees and deeper technical capabilities to support geographic and capability growth.

American Equipment Holdings Acquires Washington Crane & Hoist

November 9, 2021

Industrial Services

American Equipment Holdings, a Rotunda Capital Partners portfolio company, has acquired Washington Crane & Hoist, a provider of overhead crane maintenance, repair and overhaul (MRO) services in the Pacific Northwest and Alaska. The add-on expands American Equipment's geographic footprint and service capabilities, reinforcing its position as a leading overhead crane and hoist solutions provider in the U.S.