Operating Company Industrial Services

Crane 1 Services

West Chester, Ohio, United States

Provider of overhead crane inspection, maintenance, repair, design and installation services with a safety-first, customer service focused culture. (Also operates an ecommerce parts offering.)

Focus Areas
Overhead crane inspection, Overhead crane maintenance, Overhead crane repair
Website
crane1.com

Tracked deals

5

5 tracked deals across 2021-2024.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

5 addon

Crane 1 Services Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Crane 1 Services. 1 2021 2 2022 2 2024

Supporting Data

Recent Transactions

  • Buyer
    Crane 1 Services Inc., L Squared Capital Partners
    Target
    Bridge Crane Specialists, LLC, Bridge Crane Express, LLC
    Type
    Addon

    Crane 1 Services Inc., a PE-backed overhead-crane MRO and equipment provider, acquired Bridge Crane Specialists, LLC and Bridge Crane Express, LLC — two custom overhead crane design, manufacturing and service businesses in the greater Tulsa, Oklahoma area. The add-on expands Crane 1's custom crane fabrication capabilities and service footprint in the south-central U.S., and is supported by Crane 1's sponsor, L Squared Capital Partners.

  • Buyer
    Crane 1 Services, L Squared Capital Partners
    Target
    Standard Crane & Hoist LLC
    Type
    Addon

    Crane 1 Services, a platform backed by L Squared Capital Partners, has acquired Standard Crane & Hoist LLC, a regional provider of overhead crane sales, service, inspection, and repairs with eight locations across Louisiana, Mississippi, and Texas. The add-on will expand Crane 1's service footprint in the southern United States, adding nearly 100 employees and deeper technical capabilities to support geographic and capability growth.

  • Buyer
    Crane 1 Services Inc., L Squared Capital Partners
    Target
    Hoist & Crane Systems, Inc.
    Seller
    Mark Dunn, Warren Penzer
    Type
    Addon

    Crane 1 Services Inc. purchased the assets of Hoist & Crane Systems, Inc. (H&C) in an add-on acquisition announced April 29, 2022. The asset purchase, sponsored by private equity backer L Squared Capital, expands Crane 1's service footprint into the greater Charlotte / Carolinas market and brings nearly 30 H&C employees and fabrication, inspection and maintenance capabilities into the Crane 1 platform.

  • Buyer
    Crane 1 Services Inc., L Squared Capital Partners
    Target
    D&S Hoist & Crane, LLC
    Seller
    Del Celaschi, Steve Celaschi
    Type
    Addon

    Crane 1 Services Inc. purchased the assets of D&S Hoist & Crane, LLC on February 18, 2022, expanding its overhead crane inspection, repair and maintenance footprint into the greater Pittsburgh market. The asset purchase adds nearly 30 employees and complementary service and equipment capabilities, and is an add-on to Crane 1's platform supported by PE sponsor L Squared Capital Partners.

  • Buyer
    Crane 1 Services, Pfingsten Partners
    Target
    Overhead Material Handling, Inc.
    Type
    Addon

    Crane 1 Services, a Pfingsten-backed material handling services platform, has acquired Overhead Material Handling, Inc. (OMH), a provider of overhead crane inspection, maintenance, repair, design and installation services based in Oak Creek, Wisconsin. The add-on transaction expands Crane 1's geographic footprint into the Wisconsin service market and closed on May 14, 2021.

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