M&A Deal Summary

Maxim Crane Works Acquires AmQuip Crane Rental

On May 2, 2016, Maxim Crane Works acquired business services company AmQuip Crane Rental from Clearlake Capital

Acquisition Highlights
  • This is Maxim Crane Works’ 2nd transaction in the Business Services sector.
  • This is Maxim Crane Works’ 3rd transaction in the United States.
  • This is Maxim Crane Works’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2016-05-02
Target AmQuip Crane Rental
Sector Business Services
Buyer(s) Maxim Crane Works
Sellers(s) Clearlake Capital
Deal Type Merger
Advisor(s) Oppenheimer & Co.
Harris Williams (Financial)

Target

AmQuip Crane Rental

Trevose, Pennsylvania, United States
AmQuip Crane Rental is a provider of crane rentals and related services with a fleet of approximately 500 cranes. AmQuip Crane Rental is based in Trevose, Pennsylvania.

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Buyer(S) 1

Buyer

Maxim Crane Works

Bridgeville, Pennsylvania, United States

Category Company
Founded 1994
Sector Business Services
DESCRIPTION

Maxim Crane Works is a coast-to-coast provider of comprehensive lifting services in the United States. Maxim Crane Works was founded in 1994 and is based in Bridgeville, Pennsylvania.


DEAL STATS #
Overall 3 of 7
Sector: Business Services M&A 2 of 5
Type: Merger M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 7
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-22 Crane Rental

Orlando, Florida, United States

Crane Rental Corp. is a crane rental, hauling and rigging companies in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Coast Crane Co.

Seattle, Washington, United States

Coast Crane Co. is a distributor of cranes and personnel lifts to the construction industry in the western U.S. The company's product offerings include new and used sales and rentals of premier lines of lifting equipment, such as Manitowoc Crane Group, JLG Industries, Elliott Equipment, Auto Crane, and KD Manitou.

Buy $73M

Seller(S) 1

SELLER

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 7 of 39
Sector: Business Services M&A 1 of 3
Type: Merger M&A Deals 1 of 5
State: Pennsylvania M&A 1 of 1
Country: United States M&A 7 of 36
Year: 2016 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-21 That’s How We Roll

Montclair, New Jersey, United States

That’s How We Roll is a producer and marketer of ParmCrisps and Thinsters, two fast-growing, better-for-you brands offering delicious, convenient products. That’s How We Roll is based in Montclair, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-12 Vision Solutions

Irvine, California, United States

Vision Solutions is a provider of information availability software and services for Windows, Linux, IBM Power Systems and Cloud Computing markets. Vision Solutions was founded in 1990 and is based in Irvine, California.

Buy -