L Squared Capital Partners Acquires Crane 1 from Pfingsten
August 17, 2021
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.
- Buyers
- L Squared Capital Partners
- Targets
- Crane 1
- Sellers
- Pfingsten
- Industry
- Industrial Services
- Location
- Ohio, United States
- Transaction Type
- Buyout
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