M&A Deal Summary

CraneTech Acquires Twin City Crane & Hoist

On April 16, 2024, CraneTech acquired machinery company Twin City Crane & Hoist

Acquisition Highlights
  • This is CraneTech’s 1st transaction in the Machinery sector.
  • This is CraneTech’s 2nd transaction in the United States.
  • This is CraneTech’s 1st transaction in New Mexico.

M&A Deal Summary
Date 2024-04-16
Target Twin City Crane & Hoist
Sector Machinery
Buyer(s) CraneTech
Deal Type Add-on Acquisition

Target

Twin City Crane & Hoist

Anthony, New Mexico, United States
website
Twin City Crane & Hoist is a provider of crane parts. Twin City Crane & Hoist is based in Anthony, New Mexico.

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Buyer(S) 1

Buyer

CraneTech

Stockton, California, United States

website

Category Company
Founded 2004
Sector Business Services
DESCRIPTION

CraneTech is a provider of overhead crane inspection, maintenance, and manufacturing services across the U.S. CraneTech serves a variety of customers and end markets, including the manufacturing, aerospace & defense, automotive and metals industries, among others. CraneTech was founded in 2004 and is based in Stockton, California.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New Mexico) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Ameracrane

Tulsa, Oklahoma, United States

Ameracrane offers an array of new equipment that boasts dedicated fabrication capabilities, expansive physical infrastructure, and acres of yard space. Ameracrane is based in Tulsa, Oklahoma.

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