Tecum Equity and Western Allegheny Capital Acquire Pinnacle Cranes
October 16, 2019
Tecum Equity (Western Allegheny Capital, LLC) has acquired Pinnacle Cranes, a Link‑Belt and Manitex dealer operating in North Carolina and South Carolina. Pinnacle will continue operating from its service facilities in Charlotte and Raleigh while partners plan a leadership transition and search for a new headquarters to support future growth; the business was previously a division of Carolina Tractor and Equipment Company (CTE).
- Buyers
- Western Allegheny Capital, LLC, Tecum Equity Partners (Tecum Equity)
- Targets
- Pinnacle Cranes
- Sellers
- Carolina Tractor and Equipment Company (CTE)
- Industry
- Industrial Services
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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