M&A Deal Summary

Atlantic & Southern Equipment Acquires Pinnacle Cranes

On August 7, 2023, Atlantic & Southern Equipment acquired machinery company Pinnacle Cranes from Tecum Capital

Acquisition Highlights
  • This is Atlantic & Southern Equipment’s 1st transaction in the Machinery sector.
  • This is Atlantic & Southern Equipment’s 1st transaction in the United States.
  • This is Atlantic & Southern Equipment’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2023-08-07
Target Pinnacle Cranes
Sector Machinery
Buyer(s) Atlantic & Southern Equipment
Sellers(s) Tecum Capital
Deal Type Add-on Acquisition

Target

Pinnacle Cranes

Charlotte, North Carolina, United States
Pinnacle Cranes is a provider of equipment, service, technology, and rental services to the construction, power generation, material handling, and warehouse solutions industries throughout North Carolina, South Carolina, and other Southeast markets. Pinnacle Cranes was founded in 2001 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Atlantic & Southern Equipment

Lake City, Georgia, United States

Category Company
Founded 2001
Sector Machinery
DESCRIPTION

Atlantic & Southern Equipment is a provider of construction or mining cranes, excavating machinery and equipment. Atlantic & Southern Equipment was founded in 2001 and is based in Lake City, Georgia.


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Tecum Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.


DEAL STATS #
Overall 23 of 24
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 9 of 9
State (North Carolina) 1 of 2
Country (United States) 23 of 24
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 Terra

Everett, Washington, United States

Terra is a provider of staffing services for industrial, administrative, and technical staffing across a wide range of industries such as industrial, consumer products, food and beverage, and logistics. It operates out of 18 offices across five states and provides its customers with a full suite of outsourced HR services and solutions, allowing customers to focus on other key critical areas in their organizations. Terra is based in Everett, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 Perimeter Insect Guard

Stonewall, Mississippi, United States

Perimeter Insect Guard is a provider of insecticide treatment services for uniforms and garments, primarily used by the various branches of the U.S. Military. The Company treats uniforms with an EPA approved chemical mixture that repels insects, protecting against numerous pathogens such as malaria, Zika virus, Dengue fever, and Lyme disease. Perimeter Insect Guard was founded in 2006 and is based in Stonewall, Mississippi.

Buy -