Maxim Buys Crane Rental Corporation

May 22, 2015 - Maxim Crane Works has reportedly acquired Orlando, Fla.-based Crane Rental Corporation. Financial terms of the transaction were not disclosed. CRC operates three locations in Florida and one in Alabama.

 

Bryan Carlisle, CEO of Maxim, said the CRC acquisition is a strategic move designed to expand Maxim's footprint in the Southeast and facilitate continued growth in the region. "Acquiring a high-quality crane rental outfit like Crane Rental Corporation will help accelerate our expansion in the Southeastern United States, strengthen our team, and add new equipment to our fleet,” said Carlisle. “CRC is also a great fit for Maxim culturally, sharing our deeply held commitment to safety and service.”

 

Alan Ashlock, president of CRC, said the company's relationship with Maxim's management team goes back more than 20 years. “We look forward to our heavy hauling, rigging and crane assets, and especially our experienced workforce, joining forces with Maxim to continue to provide services nationwide," he added.

 

Frank Bardonaro, president of sales and business development for Maxim said: “Maxim has a great history and relationship with Alan and his team at CRC. They are proven operators across many key regions and equipment sectors, such as the heavy haul and rigging, that are great complements to Maxim’s operations,” said Bardonaro.

 

The transaction marks the second acquisition Maxim has completed in the last 30 days. On May 15, Maxim announced the acquisition of assets from Indianapolis, Ind.-based Poindexter Transport Inc. and Crane Service. Maxim is a portfolio company of Platinum Equity.