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
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
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
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
US-based tower crane rental company P&J Arcomet has changed its name to Uperio USA. The company has been a wholly-owned subsidiary of French tower crane group Uperio (Arcomet) since last year when Uperio – as the Arcomet rental business is now known – increased its stake in P&J Arcomet, purchasing the shares in the business … Read more
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, 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 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 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
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 (“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
Equipment auctioneer Ritchie Bros is to acquire Euro Auctions in an all-share purchase deal that values the company at £775 million – just over $1 billion. Euro Auctions was founded in Dromore, Northern Ireland, in 1998 by Derek Keys and his brothers and merged with Yoder & Frey in 2017. It remains a family run … Read more
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
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 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
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
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
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
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
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
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
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
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
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
One Of UK’s Leading Polymer Solutions Design And Engineering Companies, Nylacast, Has Today Announced It Has Completed The Acquisition Of Nylon Products Manufacturer Viva Nylons.
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
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
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
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
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