Battle Motors Acquires Crane Carrier Company from Turnspire Capital Partners

Carousel Capital Recapitalizes CraneWorks

August 26, 2025

Industrial Services

Carousel Capital has recapitalized CraneWorks, partnering with brothers David and Steve Upton who will remain significant continuing owners. The recapitalization—funded from Carousel’s sixth fund with senior debt provided by PNC Bank, Truist Financial, and Pinnacle Financial Partners—will fund fleet expansion and deepen CraneWorks’ operated crane and equipment rental service offerings from its Birmingham, Alabama base.

Crane Company Acquires Vian Enterprises, Inc.

January 3, 2024

Aerospace & Defense

Crane Company has acquired Vian Enterprises, Inc. for approximately $103 million on a cash-free, debt-free basis. Vian, a designer and manufacturer of multi-stage lubrication pumps and lubrication system components for aerospace and defense, reported trailing 12-month sales of about $33 million and adjusted EBITDA of approximately $8 million; Crane said the acquisition expands its Aerospace & Electronics fluid solution capabilities and is expected to be immediately accretive to segment margins.

Bay Crane Companies Acquires Cranes, Inc.

March 4, 2023

Construction

The Bay Crane Companies, Inc. has acquired Cranes, Inc., a third-generation crane rental business with roots in New York City, combining the fleets and expertise of both firms. The transaction expands Bay Crane’s presence and capabilities in the New York City metropolitan area and reinforces its leadership position in crane rental and specialized heavy lifting services.

The Bay Crane Companies Acquires Capital City Group

February 16, 2022

Industrial Services

The Bay Crane Companies, Inc. acquired Capital City Group, Inc., a Columbus, Ohio-based crane and rigging company, expanding Bay Crane's footprint into the Midwest and moving the combined business into the top 10 largest crane service companies in North America. Brian Gibson, Capital City's president and shareholder, will remain as President of the Columbus operation following the transaction.

Battle Investment Group and Capricorn Holdings Acquire Turbopower

June 21, 2021

Aerospace & Defense

Turbopower, an MRO provider for gas turbine engines, auxiliary power units and components based in Opa-Locka, Florida, was acquired by Battle Investment Group and Capricorn Holdings in a transaction that closed on June 21, 2021. Vlad Miskovic will become President as the new owners plan internal investments, capability expansion and footprint growth to support commercial and military customers worldwide; terms were not disclosed.

Turnspire Capital Partners Acquires Hines Specialty Vehicle Group (Crane Carrier)

January 3, 2019

Manufacturing

Turnspire Capital Partners has acquired the specialty vehicle group of Hines Corporation and launched Crane Carrier Holdings, LLC to operate the business. The acquired assets — including Crane Carrier Company and CyKlone Mixers (with Kimble Technology) — are headquartered in New Philadelphia, Ohio and will remain led by President and CEO Randy Rollins, with management retaining meaningful ownership stakes.