M&A Deal Summary

Kirtland Capital Partners Acquires Essex Crane Rental

On May 24, 2000, private equity firm Kirtland Capital Partners acquired retail company Essex Crane Rental Corp. for 180M USD

Acquisition Highlights
  • This is Kirtland Capital Partners’ 1st transaction in the Retail sector.
  • This is Kirtland Capital Partners’ 1st largest (disclosed) transaction.
  • This is Kirtland Capital Partners’ 13th transaction in the United States.
  • This is Kirtland Capital Partners’ 1st transaction in Illinois.
Investment Fate
  • Essex Crane Rental was sold to a financial buyer in 2008 for 210M USD.

M&A Deal Summary

Date 2000-05-24
Target Essex Crane Rental Corp.
Sector Retail
Buyer(s) Kirtland Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 180M USD

Target

Essex Crane Rental Corp.

Buffalo Grove, Illinois, United States
website
Essex Crane Rental Corp is a provider of lattice-boom crawler cranes and attachments. With over 350 cranes and attachments in its fleet, Essex supplies cranes for construction projects related to power generation, petro-chemical, refineries, water treatment & purification, bridges, highways, hospitals, shipbuilding, and commercial construction.

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Buyer(S) 1

Buyer

Kirtland Capital Partners

Beachwood, Ohio, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1977
PE ASSETS 300M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Kirtland Capital Partners (KCP) is a private equity firm focused on acquiring mature businesses operating in the US or Canada. KCP looks to be the lead investor in control positions in companies with significant barriers to entry, stable cash flows, and a strong market position. Sectors of interest include niche manufacturing, distribution, and business-to-business service companies. Kirtland was formed in 1977 and is based in Beachwood, Ohio.


DEAL STATS #
Overall 13 of 22
Sector (Retail) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 9
State (Illinois) 1 of 2
Country (United States) 13 of 22
Year (2000) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-01 Profile Metal Forming, Inc.

McKenzie, Tennessee, United States

Profile Metal Forming supplies custom engineered metal components and assemblies to customers in the automotive, appliance, computer, office equipment, material handling, telecommunications and construction industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Profile Metal Forming, Inc.

McKenzie, Tennessee, United States

Profile Metal Forming supplies custom engineered metal components and assemblies to customers in the automotive, appliance, computer, office equipment, material handling, telecommunications and construction industries.

Sell -