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News Stories (18 Results) - Cranes

Bigge Crane and Rigging Co., one of the nation's largest crane sales and rental companies, announced the acquisition of the majority stake in Empire Crane Company. The alliance between Empire and Bigge's Perfect Fleet of over 1,800 cranes and 21... Read Story
March 16, 2023, 07:15 AM

Gatwood Crane Service, Inc., a wholly owned subsidiary of The Bay Crane Companies, Inc., announced it has made a major investment in the expansion of its fleet and services in the Chicago-land area with the purchase of 43 cranes and other related... Read Story
February 09, 2023, 07:16 AM

Clarus Capital announced it has completed a new $10 million lease facility for an established crane rental company.Clarus’ transaction team was led by Jarrod Hicks. “I have been following the crane industry closely for many years and I was pleased to... Read Story
February 08, 2022, 07:20 AM

According to a recent study from market research firm Global Market Insights, the cranes rental market is set to grow from its current market value of more than $13.5 billion to over $16.5 billion by 2026, gaining remarkable traction over the 2020 to... Read Story
August 20, 2020, 07:12 AM

Acccording to a report from Research and Markets, the global mobile crane market is estimated to grow at a CAGR of 2.16% during the forecast period 2017 - 2025 and will account for US$ 9.82B in the year 2025. Adoptions of mobile cranes is also... Read Story
November 27, 2017, 07:53 AM

Sandhills Publishing announced the launch of CraneTrader, a website and print publication connecting buyers and sellers specifically in the market for cranes and other rigging and lift equipment and parts. CraneTrader leverages Sandhills' presence... Read Story
November 17, 2017, 07:10 AM

Manitex International, Inc., a leading international provider of cranes and specialized lifting equipment, announced that it has received a new order for 29 Manitex cranes to CraneWorks, based in Houston, Texas, both for the expansion of its rental... Read Story
October 09, 2017, 06:42 AM

Crystal Financial announced the closing of a Senior Secured Term Loan for Circle 8 Crane Services, Inc. (“Circle 8 Crane Services”) as part of a broader recapitalization of the business led by Trive Capital. Founded in 2007, the Company is one of the... Read Story
July 11, 2017, 06:53 AM

Maxim Crane Works, L.P. (“Maxim”) and Essex Rental Corp. (“Essex”) jointly announced that the companies have entered into a stock purchase agreement pursuant to which Maxim will acquire Coast Crane Company (“Coast”), an indirect wholly-owned... Read Story
April 21, 2017, 07:10 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Essex Crane Rental Corp. in the sale of its core assets to Maxim Crane Works, L.P., a portfolio company of Apollo Global Management ("Apollo"). The sale was effectuated under UCC... Read Story
October 21, 2016, 06:58 AM

Manitex International, Inc., a leading international provider of cranes and specialized material and container handling equipment, announced that it has completed a new credit agreement on July 19, 2016, with The Private Bank & Trust Co., to provide... Read Story
July 27, 2016, 06:58 AM

With the help of Beacon Funding's financing programs, Sandel Cranes, in Long Island, NY, was able to utilize crane financing to advance its business and accelerate their growth. Sandel Cranes financed a 110-ton crane, and also refinanced 2 others... Read Story
July 13, 2016, 06:00 AM

Reuters reported China's Zoomlion Heavy Industry Science and Technology Co Ltd has abandoned its $3.4 billion bid for Terex Corp after failing to agree terms, clearing the way for a smaller deal between Terex and Finland's Konecranes.According to the... Read Story
May 27, 2016, 07:14 AM

Reuters reported Finland's Konecranes has agreed to buy Terex Corp's cranes business for ports and factories for 1.1 billion euros ($1.3 billion), in a move that cancels a planned full merger and allows the U.S. firm to pursue talks with a rival... Read Story
May 16, 2016, 08:00 AM

Terex Corporation and Konecranes Plc  jointly announced that their respective Boards of Directors have unanimously approved a definitive business combination agreement and the resulting all-stock merger of equals. Konecranes and Terex will combine to... Read Story
August 11, 2015, 08:02 AM

The Manitowoc Company announced several management team transitions in line with the company’s long-term succession planning process. Eric Etchart, who has served as president of Manitowoc Cranes for the past nearly eight years, will move to a new... Read Story
January 08, 2015, 07:00 AM

AmQuip Holdings LLC (the “Company”) and Clearlake Capital Group, L.P. (“Clearlake”) announced that Clearlake has completed its acquisition of AmQuip from a consortium of investors including Altpoint Capital Partners LLC. AmQuip is a leading provider... Read Story
October 13, 2014, 06:22 AM

The Manitowoc Company reported sales of $955.7 million for the third quarter of 2012, an increase of 2.2 percent compared to sales of $935.4 million in the third quarter of 2011. The sales increase was primarily driven by a 4.9 percent increase in... Read Story
November 05, 2012, 07:00 AM