M&A Deal Summary

Ares Private Equity Group Acquires Atlas Crane Service

On August 23, 2022, private equity firm Ares Private Equity Group acquired business services company Atlas Crane Service

Acquisition Highlights
  • This is Ares Private Equity Group’s 4th transaction in the Business Services sector.
  • This is Ares Private Equity Group’s 77th transaction in the United States.
  • This is Ares Private Equity Group’s 6th transaction in Illinois.

M&A Deal Summary
Date 2022-08-23
Target Atlas Crane Service
Sector Business Services
Buyer(s) Ares Private Equity Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) TM Capital Corp. (Financial)

Target

Atlas Crane Service

Aurora, Illinois, United States
Atlas Crane Service is a full-service crane rental provider offering turnkey maintenance, repair, and overhaul solutions. Atlas Crane Service was founded in 2009 and is based in Aurora, Illinois.

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Buyer(S) 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.

DEAL STATS #
Overall 92 of 98
Sector (Business Services) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 16 of 16
State (Illinois) 6 of 6
Country (United States) 77 of 82
Year (2022) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Hanger

Austin, Texas, United States

Hanger is a provider of orthotic and prosthetic (O&P) services and products. Hanger distributes branded and private label O&P devices, products, and components, and provides rehabilitative solutions. Hanger was formed in 1861 and is based in Austin, Texas.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Extreme Reach

Dedham, Massachusetts, United States

Extreme Reach is a provider of integrated cross-media video advertising and talent solutions that span TV, Web, Mobile, and all other video media. Extreme Reach was founded in 2008 and is based in Dedham, Massachusetts.

Buy -
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