Turnspire Capital Partners Acquires Hines Specialty Vehicle Group (Crane Carrier)
January 3, 2019
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.
- Targets
- Hines Specialty Vehicle Group (Crane Carrier Company and CyKlone Mixers), Crane Carrier Company
- Sellers
- Hines Corporation
- Platforms
- Crane Carrier Holdings, LLC
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Buyout
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