M&A Deal Summary

Crane 1 Acquires MLTUS

On October 3, 2022, Crane 1 acquired machinery company MLTUS

Acquisition Highlights
  • This is Crane 1’s 4th transaction in the Machinery sector.
  • This is Crane 1’s 8th transaction in the United States.
  • This is Crane 1’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2022-10-03
Target MLTUS
Sector Machinery
Buyer(s) Crane 1
Deal Type Add-on Acquisition

Target

MLTUS

New Castle, Pennsylvania, United States
MLTUS is engaged in the manufacturing of industrial lifting magnets for the scrap, steel, slag, rail, and foundry industries and is also engaged in providing related services including repair, remanufacture, and maintenance of magnet systems and magnet parts. MLTUS was formed in 2010 and is based in New Castle, Pennsylvania.

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Buyer(S) 1

Buyer

Crane 1

West Chester, Ohio, United States
Category Company
Founded 2007
Sector Machinery
DESCRIPTION

Crane 1 is a provider of overhead crane services and equipment that maximize safety, diminish liability, reduce maintenance costs, and increase overall productivity. Crane 1 offers a full suite of services, including inspections, maintenance, repair, design, and installation of overhead crane systems and below-the-hook lifting devices. Crane 1 was founded in 2007 and is based in West Chester, Ohio.

DEAL STATS #
Overall 8 of 10
Sector (Machinery) 4 of 6
Type (Add-on Acquisition) 7 of 9
State (Pennsylvania) 2 of 2
Country (United States) 8 of 10
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Hoist & Crane

Matthews, North Carolina, United States

Hoist & Crane is a service and equipment provider of overhead crane inspections, repairs and maintenance, parts, and crane systems headquartered in the greater Charlotte market. Hoist & Crane is based in Matthews, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Standard Crane & Hoist

Destrehan, Louisiana, United States

Standard Crane & Hoist is a service and equipment provider of overhead crane inspections, repairs and maintenance, parts, and new cranes. Standard Crane & Hoist is based in Destrehan, Louisiana.

Buy -
Mergr

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