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.
- Industry
- Industrial Services
- Location
- California, United States
- Transaction Type
- Growth capital
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