M&A Deal Summary

Maxim Crane Works Acquires Coast Crane

On April 20, 2017, Maxim Crane Works acquired distribution company Coast Crane from NCA Partners for 73M USD

Acquisition Highlights
  • This is Maxim Crane Works’ 1st transaction in the Distribution sector.
  • This is Maxim Crane Works’ largest (disclosed) transaction.
  • This is Maxim Crane Works’ 4th transaction in the United States.
  • This is Maxim Crane Works’ 1st transaction in Washington.

M&A Deal Summary
Date 2017-04-20
Target Coast Crane
Sector Distribution
Buyer(s) Maxim Crane Works
Sellers(s) NCA Partners
Deal Type Add-on Acquisition
Deal Value 73M USD
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Brown Rudnick (Legal)

Target

Coast Crane

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.

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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 4 of 7
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Washington) 1 of 1
Country (United States) 4 of 7
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Tri-State Crane

Cincinnati, Ohio, United States

Tri-State Crane, Inc. is a provider of hauling, storage, rigging and specialized lifting solutions. Tri-State Crane is based in Cincinnati, Ohio.

Buy -

Seller(S) 1

SELLER

NCA Partners

Seattle, Washington, United States

Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

NCA Partners, Inc. is an investor in small and mid-sized companies operating in the Northwest US. The Firm invests in companies with $10 to $100 million in revenues and valued up to $250 million. Areas of interest include business services, consumer products/services, financial services, manufacturing, nature technology, media and transportation. NCA will consider a variety of transaction situations, including, buyouts, consolidations, turnarounds, recapitalizations and growth capital financings. NCA Partners, Inc. formerly known as Northwest Capital Appreciation, Inc. was formed in 1992 and is based in Seattle, Washington.

DEAL STATS #
Overall 3 of 5
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Washington) 2 of 3
Country (United States) 3 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-16 PTW Energy Services

Calgary, Alberta, Canada

PTW Energy Services is an energy services company providing electrical and instrumentation, and building fabrication services to the energy, engineering, and construction clients operating across growing markets in Canada, the United States, Southeast Asia, and the Middle East. PTW Energy Services was founded in 2014 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Doolittle

Snoqualmie, Washington, United States

Doolittle is a road repair and maintenance contractor serving public customers at the state, county, and city levels as well as private customers. Doolittle specializes in chip seal surface treatment and provides related services such as crack sealing, and seal coating. Doolittle Construction was founded in 1944 and is based in Snoqualmie, Washington.

Buy -
Mergr

Product

Company

Legal