W.O. Grubb Crane Rental Acquired by Halo

W.O. Grubb Crane Rental announced that certain affiliates of Halo Partners, L.P. have acquired the Richmond, Virginia-based crane rental and lifting services provider.

The transaction marks a change in ownership for Grubb, which was founded in 1962 and employs approximately 450 professionals. Company officials said its mission, leadership and day-to-day operations remain unchanged following the acquisition.

“This company was built on integrity, hard work, safety and strong relationships,” said Michael Good, president of Grubb. “That legacy will continue to guide everything we do under new ownership. I have personally known the principals at Halo for over a decade, and I am excited to partner with them to seek to accelerate our growth trajectory from the foundation the Grubb family and our management team have built to date. Halo understands what makes this company special, and its team shares our commitment to protecting our culture while supporting our long-term success.”

Halo stated that it will provide operational, financial and strategic resources to support Grubb’s investment in personnel, fleet, infrastructure and customer relationships. The partnership is intended to position the company for organic growth and potential strategic add-on opportunities, while maintaining its existing operational structure.

“We are honored to partner with Grubb, a company with a nearly 60-year legacy of safety, reliability and technical excellence,” commented Nate Mejías and Dilshat Erkin, managing partners at Halo. “This is a company with a remarkable reputation and a people-first culture. We are committed to investing in the organization, empowering its leadership and investing behind a bellwether in the category.”

Grubb said customers and partners will continue working with the same leadership team and personnel. The company provides specialty equipment, crane rental, lifting and rigging services, warehousing, logistics and engineered solutions for infrastructure, industrial and data center projects throughout the Mid-Atlantic region and beyond.

William Blair & Company served as exclusive financial advisor to Grubb and its owners, while McGuireWoods LLP acted as legal advisor.

Halo Partners is a private investment firm focused on industrial, technology and related services sectors.