M&A Deal Summary

Crane 1 Acquires Standard Crane & Hoist

On August 7, 2024, Crane 1 acquired machinery company Standard Crane & Hoist

Acquisition Highlights
  • This is Crane 1’s 5th transaction in the Machinery sector.
  • This is Crane 1’s 9th transaction in the United States.
  • This is Crane 1’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2024-08-07
Target Standard Crane & Hoist
Sector Machinery
Buyer(s) Crane 1
Deal Type Add-on Acquisition

Target

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.

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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 9 of 10
Sector (Machinery) 5 of 6
Type (Add-on Acquisition) 8 of 9
State (Louisiana) 1 of 1
Country (United States) 9 of 10
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Bridge Crane Specialists

Kiefer, Oklahoma, United States

Bridge Crane Specialists is a designer, manufacturer, and quality service provider of overhead cranes and material handling equipment. Bridge Crane Specialists was founded in 1987 and is based in Kiefer, Oklahoma.

Buy -
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