Crane 1 Services Acquires Standard Crane & Hoist LLC

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.

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 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.

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.

Compass Group Equity Partners Acquires Hoist & Crane Service Group

June 28, 2023

Industrial Services

Compass Group Equity Partners has partnered with Hoist & Crane Service Group, making HCSG the fifth platform in Compass Group’s Fund II. Hoist & Crane Service Group is a national provider of inspection, preventative maintenance and repair services for overhead cranes & hoists, industrial elevators, and overhead doors; the company operates 26 locations with 500+ employees and serves over 1,800 customers. Compass Group plans to invest in new locations, people and technology and expand the company’s industrial elevator and overhead door capabilities.

Crane 1 Services Acquires Overhead Material Handling, Inc.

May 19, 2021

Industrial Services

Crane 1 Services, a Pfingsten-backed material handling services platform, has acquired Overhead Material Handling, Inc. (OMH), a provider of overhead crane inspection, maintenance, repair, design and installation services based in Oak Creek, Wisconsin. The add-on transaction expands Crane 1's geographic footprint into the Wisconsin service market and closed on May 14, 2021.