CraneTech Acquires Ameracrane & Hoist with Financing from Balance Point
November 14, 2023
CraneTech, a Steel River portfolio company headquartered in Stockton, California, acquired Ameracrane & Hoist of Tulsa, Oklahoma to expand its geographic footprint and scale. Balance Point provided a follow-on financing solution that facilitated the acquisition and supports CraneTech's continued organic and inorganic growth.
- Buyers
- CraneTech Inc., Balance Point Capital Advisors, LLC / Balance Point Capital Partners IV, L.P.
- Targets
- Ameracrane & Hoist
- Platforms
- CraneTech Inc.
- Industry
- Industrial Services
- Location
- Oklahoma, United States
- Transaction Type
- Addon
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