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News Stories (43 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

Utica Equipment Finance announce the completion of a transaction totaling $10 million in the month of December.  The $10 million capital lease secured by in-use cranes, heavy haul trailers and heavy haul trucks for a company primarily operating in... Read Story
January 06, 2023, 07:10 AM

Manitex International, Inc., an international provider of truck cranes, specialized industrial equipment and construction equipment rental solutions, announced Richard Mills has been named President, Manitex North America. He will assume oversight of... Read Story
October 18, 2022, 07:22 AM

Manitex International, an international provider of truck cranes, specialized industrial equipment and construction equipment rental solutions, announced it has received a continuation order valued at up to $3 million, for articulated cranes, from an... Read Story
September 26, 2022, 07:15 AM

US Service Group (USSG), a New York-based industrial services company, announced it has acquired Walker Crane & Rigging Corp. (Walker) of Plainville, CT. Established in 1883, Walker is one of the premier crane, rigging and transportation operations... Read Story
March 25, 2022, 07:10 AM

The Manitowoc Company, Inc., a global manufacturer of cranes and lifting solutions, announced that David J. Antoniuk will step down as Chief Financial Officer effective May 2, and will be succeeded by Brian P. Regan. Antoniuk will transition into an... Read Story
February 22, 2022, 07:10 AM

The Bay Crane Companies, Inc., the largest provider of specialty crane and rigging equipment services in the Northeast, announced the acquisition of Capital City Group, Inc. The transaction results in Bay Crane ranking in the top 10 largest crane... Read Story
February 18, 2022, 07:10 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

Maxim Crane Works L.P., the world’s largest crane rental company, announced the appointment of Paul McDonnell as Chief Executive Officer. McDonnell will also join the company’s Board of Directors.McDonnell has more than 25 years of experience in the... Read Story
December 07, 2021, 07:20 AM

H&E Equipment Services, Inc. announced it has completed the sale of the company’s crane business to a wholly owned subsidiary of The Manitowoc Company, Inc. Proceeds from the sale are an estimated $130 million in cash, pending the finalization of net... Read Story
October 04, 2021, 07:17 AM

H&E Equipment Services, Inc.  announced it has entered into a definitive agreement to sell its crane business to a wholly owned subsidiary of The Manitowoc Company, Inc., a global manufacturer of cranes and lifting solutions, for $130 million in cash... Read Story
July 21, 2021, 07:17 AM

NFS Leasing, Inc. and Longhorn Corp. have struck an $840,000 equipment finance agreement that will supply the crane and machinery rental servicer with the equipment needed to support its increase in demand. Longhorn provides superior lifting services... Read Story
November 05, 2020, 07:15 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

Utica Equipment Finance completed the funding of a $5,400,000 sale and leaseback of cranes located throughout North America. Utica provided funds for working capital purposes.The company, a leading nationwide provider of crane services, was... Read Story
May 18, 2020, 07:20 AM

Maxim Crane Works, L.P. and B&G Crane Service, LLC jointly announced the companies have entered into an agreement pursuant to which Maxim will acquire B&G Crane, an indirect wholly-owned subsidiary of NCSG. B&G Crane is one of the largest providers... Read Story
March 04, 2019, 07:10 AM

CIT Group Inc. announced CIT Northbridge Credit, its joint venture financing unit, served as sole lead arranger on a $53.8 million senior secured credit facility for Circle 8 Crane Services LLC.Based in Houston, Circle 8 Crane Services is a... Read Story
January 08, 2019, 07:19 AM

Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., announced the funding of a $20 million term loan for a premier crane and rigging company with its headquarters in northern California. The funds were used to refinance... Read Story
December 06, 2018, 07:20 AM

Brian Trebels, CEO of Equipment Leasing Group of America, LLC (ELGA), announced the purchase of a premier portfolio of top-brand truck tractor and construction crane leases. Remaining lease terms for the trucks included in the deal average 29 months... Read Story
October 29, 2018, 07:15 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

CIT Group announced that CIT Equipment Finance has entered into a program agreement with SANY America (SANY), a global manufacturer and seller of construction and material-handling equipment. As the preferred provider of financing for SANY, CIT will... Read Story
December 28, 2015, 07:00 AM

Gordon Brothers Group will be selling a large package of equipment, formerly owned by Hodges Trucking Company L.L.C., in conjunction with Ritchie Bros. Auctioneer this September and October. On June 18, 2015, Gordon Brothers Group announced that it... Read Story
August 17, 2015, 07:10 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

GA Advisory and Valuation Services LLC, a division of Great American Group (GA), has published its inaugural issue of the Transportation Monitor, a bi-annual publication that provides analysis of the transportation industry from a manufacturing and... Read Story
June 19, 2015, 07:09 AM

Essex Rental Corp. announced the appointment of Marc Dowdell to the position of Chief Operating Officer (“COO”). Nick Matthews, Essex's Chief Executive Officer (“CEO”), stated, "We are very pleased to add an executive with Marc's level of experience... Read Story
June 05, 2015, 06:17 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

CIT Group announced that it served as Joint Lead Arranger in a $225 million senior secured credit facility for Clearlake Capital Group (Clearlake Capital), a private investment firm, to acquire AmQuip Crane Rental (AmQuip), one of the largest lifting... Read Story
November 18, 2014, 07:05 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

International Rental News reported demand and rental duration for cranes is increasing across the USA, according to the second quarter results from Essex Rental Corp. According to the report, Essex Rental Corp. demonstrated a 29.1 % increase in... Read Story
August 18, 2014, 07:04 AM

Essex Crane Rental Corp., one of North America's largest providers of rental and distribution for mobile cranes, self-erecting cranes, stationary tower cranes, elevators and hoists, and other lifting equipment provided an outlook for the crane rental... Read Story
March 25, 2013, 06:31 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

Terex Corporation announced income from continuing operations of $20.5 million, for the first quarter of 2012, as compared to income from continuing operations of $5.0 million, for the first quarter of 2011. Excluding the impact of a write down of an... Read Story
April 27, 2012, 07:30 AM

Construction Equipment reported Ritchie Bros. sold more than 200 cranes in five weeks at its first unreserved public auctions of 2012 in North America, Europe and the Middle East. According to the report, each crane was sold to the highest bidder... Read Story
March 22, 2012, 08:00 AM

Essex Rental Corp. announced its unaudited consolidated results for the fourth quarter and year ended December 31, 2011. Essex, through its subsidiaries, Essex Crane Rental Corp. and Coast Crane Company, is one of North America's largest providers of... Read Story
March 13, 2012, 06:45 AM

Nations Equipment Finance ("Nations") announced today that it has opened offices in Chicago, Cleveland and Tampa. These new offices are in addition to existing offices in New York, Dallas and their headquarters in Norwalk, CT. "We are experiencing... Read Story
March 08, 2012, 08:15 AM

Terex Corporation announced income from continuing operations of $38.8 million, on net sales of $6,504.6 million for the full year 2011, as compared to a net loss from continuing operations of $215.5 million on net sales of $4,418.2 million for the... Read Story
February 16, 2012, 08:00 AM