Balance Point Invests in CraneTech Inc.

October 31, 2022

Balance Point Capital Advisors, via its fund Balance Point Capital Partners IV, provided a financing solution to CraneTech Inc., a portfolio company of Steel River LLC, to support the company’s growth initiatives. CraneTech, founded in 2004 and headquartered in Stockton, California, provides overhead crane inspection, maintenance, and manufacturing services across U.S. end markets including manufacturing, aerospace & defense, and automotive.

Buyers
Balance Point Capital Advisors, Balance Point Capital Partners IV, L.P.
Targets
CraneTech Inc.
Location
California, United States
Transaction Type
Growth capital

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