Capstone Partners served as exclusive financial advisor to Crane Rental Corporation in its sale to Maxim Crane Works L.P., the largest provider of comprehensive lifting services in the U.S. and a portfolio company of Platinum Equity.
Crane Rental, a portfolio company of Hammond, Kennedy, Whitney & Company, Inc., is a leading provider of operated and bare crane rentals, heavy hauling and specialized rigging solutions.
Crane Rental, headquartered in Florida, serves a wide range of industrial and commercial end markets and boasts an extensive blue chip customer base including General Electric, Siemens, Southern Company and The Walt Disney Company.
Platinum Equity, a global private equity firm headquartered in Los Angeles, CA, manages over $6 billion of assets.
The sale of Crane Rental marks Capstone Partners’s tenth completed transaction with HKW and its affiliates spanning a relationship of over 25 years.
We are very happy to have been a partner with Crane Rental since 2008. The management team’s leadership through the recession and subsequent economic expansion is a testament to their expertise in the crane industry. For over 25 years we have enjoyed working with the [Capstone Partners] team. Through their capable guidance and attention to detail, we were able to complete another successful divestiture for HKW and find a partner for Crane Rental that best positions them for continued success.
