CMA blocks merger between Cargotec and Konecranes

211222 konecranes polar reactor cranes

The UK Competition & Markets Authority (CMA) has blocked the merger between Cargotec and Konecranes. Thus, Cargotec and Konecranes have decided to cancel the planned merger. According to the CMA’s final report issued last week, the remedies – which would have removed all overlapping businesses of the two companies and were accepted by the European … Read more

Groupe Plissonneau acquires Montagrues

11 montagrue plissoneau copy 988817ae

Martinique-based Groupe Plissonneau has acquired Paris-based mobile crane rental company Montagrues. Montagrues is based in the suburb of Gennevilliers and runs a fleet of around 35 cranes, including All Terrains up to 450 tonnes, along with a range of self-erecting mobile tower cranes. Established in 1973, Montagrues is owned and managed by brothers Pierre and … Read more

Herc acquires Cloverdale

0 herc cloverdal log merge e7df4ad6

US-based Herc Rentals has agreed on the acquisition of Detroit-based rental company Cloverdale Equipment. Details of the transaction have not been disclosed but the deal is expected to close by midyear. Cloverdale operates from four locations – Oak Park /Detroit and Norton Shores in Michigan, Berea/greater Cleveland in Ohio and Bridgeville/ Pittsburgh in Pennsylvania – … Read more

Axel Johnson’s Lifting Solutions Acquired Lifting Gear UK

1220 lifting gear uk 3 scaled

Lifting Solutions, a business group within Stockholm based Axel Johnson International, has strengthened its presence in the British rental market through the acquisition of Lifting Gear UK, a complete lifting solutions provider with a focus on equipment hire.“We are very enthusiastic about this opportunity to expand our offering within the lifting rental market, which we … Read more

Alta Equipment acquire Ambrose Equipment of New Hampshire

211222 alta ambrose logo merge

US-based sales and rental group Alta Equipment is to acquire the assets of Ambrose Equipment of New Hampshire. Ambrose Equipment specialises in the sale and rental of paving equipment from locations in Hooksett, New Hampshire and Plainville, Massachusetts. It generated revenues of around $35 million with an EBITDA of $3.1 million for the 12 months … Read more

CraneWorks to Acquire Midwest Crane Repair in St. Louis

jon henry truck midwest crane repair

CraneWorks, Inc., North America’s premier crane sales, service, parts, and rental dealer, is excited to announce the acquisition of Midwest Crane Repair, LLC. When the deal officially closes on January 4, 2022, Midwest Crane Repair will be rebranded as CraneWorks St. Louis and becomes the company’s ninth nationwide location. Founded in 2002, CraneWorks consistently expanded … Read more

Palfinger acquires TSK Kran

211127 palfinger tsk kran acquisition

Palfinger has acquired its German sales and service partner TSK Kran und Wechselsysteme, which operates from Duisburg, in the Rhine Ruhr region. The deal also includes the company’s paint spraying division TSR Lacktechnik. Established in the early 1990s, TSK has been a sales and service provider for Palfinger’s range of loader cranes, skip loaders and … Read more

TNT acquires JMS Crane & Rigging

20211104 tnt jms acquisition

TNT Crane & Rigging has acquired the businesses of JMS Crane & Rigging, WM Services Crane & Rigging, and Big Ray’s Equipment. Together referred to as “JMS,” the company is based in Billings, MT. JMS is a full-service mobile crane and heavy haul transportation provider primarily serving the wind, power, petrochemical, and refining markets. The terms … Read more

MV Commercial acquires Crane Fruehauf

210907 fruehauf truck mountede

UK specialist truck and loader crane sales and rental company MV Commercial have acquired trailer manufacturer Fruehauf which has been in administration. MV will reintroduce the company’s historic name – Crane Fruehauf. The British company began business in Great Fransham in Norfolk in 1865 when William Crane set up as a village blacksmith, building farm … Read more

Markel Corporation Announces Majority Investment in Buckner

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Markel Corporation (“Markel”) (NYSE: MKL) and CBP, Inc. (“Buckner”) announced on Thursday, 19 August, that they have entered into a definitive agreement for Markel to acquire a majority interest in Buckner. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2021. Additional terms were not disclosed. … Read more

Manitowoc acquires Aspen Equipment

210819 manitowoc acquires aspen

Manitowoc is to acquire the assets of Aspen Equipment, a crane dealer and truck bodybuilder/installer based in Bloomington, Minnesota – due south of Minneapolis – for around $51 million. Completion is expected in September. Aspen sells and rents Grove mobile and Manitowoc crawler cranes, along with National Crane and Elliot boom trucks, Palfinger loader cranes … Read more

Trio Industrial Builders Combined By Rotunda

20210624 allied crane amquip pacific cranes

Private equity firm Rotunda Capital Partners has acquired American Equipment, Pacific Crane & Hoist and Allied Crane in the USA. Rotunda has combined them to form American Equipment Holdings, claimed as the largest independent provider of overhead crane and hoist solutions and services in the Western United States. AEH will have 14 locations in the … Read more

Liebherr Part Shares For France Tower Crane Business

20210607 liebherr sells france tc business

Liebherr is selling part of its French tower crane rental business to Hexagone Services. The deal will include all of the tower crane rental operation in the Ile-de-France (Greater Paris)/ Northern France region. Hexagone Services is a subsidiary of Liebherr tower crane’s Dutch dealer Van der Spek. It was established in 2000 and is based … Read more

TowerBrook new owner for Uperio

20210604 towerbrook buys uperio

UK/US based private equity firm TowerBrook Capital is to acquire tower crane sales and rental group Uperio from its current private equity owners LFPI group, Sofina and Gigarant, and the senior management team, who have owned a controlling interest in the company since 2019, when Arcomet was merged with Matebat to create Uperio. The agreement … Read more

Wagstaff Crane acquires Bronson

wagstaff crane bronson acquisition

Earlier this year Utah based Wagstaff Crane Service acquired tower crane sales and rental company Bronson Crane from founder Earl Bronson. Both companies are located in suburbs of Salt Lake City with Wagstaff in Murray and Bronson in nearby West Jordan. The two companies have worked together for several years, having complimentary product lines. Wagstaff … Read more

Tadano’s Big Move On Future Strategies

tadano drop demag brand

Following the exit of its European companies from administration, Tadano has announced the next steps in its plans, with the long term aim to become the leading mobile crane manufacturer. The announcements come shortly after Koichi Tadano handed over the chief executive’s role to Toshiaki Ujiie, to become group chairman. Roughters to penetrate European market … Read more

BMS & Crane Norway Group Seeks Merger For Scandinavia Market

bms crane norway group mergerr

Stangeland Gruppen and Kraningen Holding AS have signed a letter of intent stating that Kraningen Holding AS will sell its Norwegian crane activities to Crane Norway Group AS in Stavanger. At the same time, Kraningen Holding AS will buy 50% of Crane Norway Group AS in a shared ownership deal with Stangeland Gruppen, owned by … Read more

Itochu takes stake in BigRentz

Itochu Acquires Bigrentz

US-based rental network BigRentz has finalised $15 million in funding from private investors and a new lead investor, Itochu. The company is using the proceeds to acquire Atlanta based Equipment Management Group, a site services provider, and complete its deal with Lizzy Lift. See BigRentz to merge with Lizzy Lift. Chief executive Scott Cannon said: “While … Read more

Finnsiirto acquires Simeri

Finnsiirto Acquires Simeri

Finnish forklift and telehandler sales and rental company Finnsiirto – backed by private equity firm Folmer Equity Fund II – has acquired aerial work platform sales and service company Simeri. Based in Vantaa, to the northeast of Helsinki, Simeri was established in 1995 and sells a wide range of platforms including Genie, Snorkel, Nagano, Almac, … Read more

Kiloutou acquires Wiesecker Werkzeugvermietung

Kiloutou Acquires Wiesecker Werkzeugvermietung

French international rental group Kiloutou has acquired German access rental company Wiesecker Werkzeugvermietung. Wiesecker is based in Gießen, near Frankfurt in the heart of the state of Hesse, and is a member of the Partner lift association of independent rental companies. Its rental fleet includes 650 aerial work platforms, topped by a 70-metre truck-mounted lift. … Read more

LiuGong acquires Hertz China

Liugong Buy Hertz China

Herc has sold all of its interest in Hertz Equipment Rental China to Chinese crane, access and construction equipment manufacturer LiuGong (Guangxi LiuGong Machinery). No details of the transaction have been released. The transaction is subject to the approval of relevant government authorities in China and is expected to close within the next two months. … Read more

Uperio acquires Highsparks

Uperio Accquires Highsparks

Tower crane specialist Highsparks TCS Ltd from Scotland has been acquired by Uperio Group via its subsidiary Skyline Arcomet Ltd. As a subsidiary of Skyline Arcomet Ltd, Highsparks will continue to operate in the UK in tower crane rental and distribution. It has new premises in Lanark, Scotland. Proposed developments include a new yard and … Read more

KHL Group acquires 40% of Blu Coal Recruitment

Khl Acquires Blu Coal Recruitment

Global construction information publisher, KHL Group, acquired 40% of one of the fastest-growing construction recruitment consultants, Blu Coal, on 5 February 2020. The terms of the deal were not disclosed. The new company will be called Lawsons Recruitment after its founder, Nick Lawson. Lawsons, which was established four years ago by Nick and Alice Lawson, … Read more

Konecranes completes MHE Demag deal

Konecranes Completes Mhe Demag Deal

Port and overhead manufacturer Konecranes has acquired the remaining 50 per cent of its overhead/industrial crane joint venture, MHE-Demag, for approximately €147 million. Established as a joint venture between Demag Cranes and Jebsen & Jessen in 1986, Singapore based MHE-Demag provides industrial cranes, hoists and services throughout Southeast Asia under the MHE and Demag brands. … Read more

Barnhart purchases Viant Crane

Barnhart Crane Acquire Viant Crane

Tennessee, USA-based lifting, heavy rigging, and heavy hauling specialist Barnhart Crane and Rigging has announced it is to acquire Viant Crane. Viant provides crane, rigging, logistics and transport services to the Northland and Midwestern United States where it works in the commercial, energy, petrochemical and pipeline business sectors, among others. As with other Barnhart acquired … Read more

Mammoet completes ALE acquisition

Mammoet Completes Ale Acquisition

Dutch international heavy lift specialist Mammoet has completed the acquisition of fellow international heavy lifting and transport specialist ALE, effective January 8, 2020. The businesses will now operate as one company under the Mammoet brand. Mammoet said it will now roll out an integration plan that will bring the two organisations together while maintaining safe … Read more

Sterling Crane to acquire part of Entrec

Entrac Corp selling business to Sterling Crane

Entrec Corporation in Canada has agreed to sell its Canadian crane rental business to Sterling Crane. The two companies signed a definitive agreement for the acquisition at US$21.2 million. Entrec Corporation said it will use the money to reduce its long-term debt. Commenting on the move, John Stevens, Entrec president and CEO, said, “This sale … Read more