Crane 1 Services Acquires Hoist & Crane Systems (Asset Purchase)
April 29, 2022
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.
- Targets
- Hoist & Crane Systems, Inc.
- Sellers
- Mark Dunn, Warren Penzer
- Platforms
- Crane 1 Services Inc.
- Industry
- Industrial Services
- Location
- North Carolina, United States
- Transaction Type
- Addon
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