Acquisition of Industrial Hoist & Crane reinforces American Equipment’s extensive geographic coverage, coast-to-coast operations, and growing team of talented professionals
SALT LAKE CITY --News Direct-- Rotunda Capital Partners LLC
American Equipment Holdings (“American Equipment”), a Rotunda Capital Partners portfolio company, has acquired Industrial Hoist & Crane (“Industrial Hoist”), a leading provider of overhead crane maintenance, repair and overhaul (MRO) field services headquartered in Rock Springs, Wyoming, with operations throughout the Intermountain West. The acquisition of Industrial Hoist marks the 12th add-on acquisition completed by American Equipment since partnering with Rotunda in May 2021.
For more than 20 years, Industrial Hoist has been providing comprehensive overhead crane and hoist field service solutions, including repairs, inspections, and replacement parts, to customers throughout the Western U.S. Over the years, Industrial Hoist established a reputation of integrity and customer service, which earned the company a strong reputation in the region and a deep pool of loyal, repeat customers. Industrial Hoist will be rebranded as American Equipment and will continue to serve new and existing customers with the same reliable and high-quality customer service that it has demonstrated over the years.
“This is an exciting day for all of us at Industrial Hoist & Crane,” said Donna Teeples, owner of Industrial Hoist. “The team at American Equipment is deeply committed to its products, its customers, and its employees and has clearly distinguished itself within the industry. We cannot wait to begin working together to deliver an unmatched experience for our customers and employees.”
“I have known Donna for many years and have always held her and her team at Industrial Hoist in the highest regard,” said American Equipment CEO Adam Zimmerman. “I am thrilled that we can now bring our two organizations together and offer our customers more robust and comprehensive offerings and capabilities.”
About American Equipment Holdings
American Equipment Holdings is an organization of leading overhead crane and hoist distributors and field service providers, including American Equipment, Allied Crane, Eastern Crane & Hoist, Facilities Engineering, Kistler Crane & Hoist, Pacific Crane & Hoist, Patriot Crane & Hoist, and Washington Crane & Hoist. The consolidated entity is one of the largest independently owned overhead crane and hoist solutions providers in the country, serving over 5,000 customers nationwide. Together, American Equipment Holdings companies provide comprehensive solutions for everything related to customers’ overhead crane and hoist needs, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated systems, system modernizations and training.
American Equipment Holdings represents the industry’s leading manufacturers such as Detroit Hoist, Columbus McKinnon, ACCO, R&M, Demag, Gorbel, Spanco, IMS, Harrington, Conductix, Magnetek & PE, among others, and customers rely on its service, design, engineering, fabrication, and installation capabilities to meet their unique application needs. American Equipment Holdings serves local, regional and national customers across a variety of end markets, including light & heavy industrial, automotive, mining, public utilities, military, aerospace & defense and energy, among others. For more information, visit www.amquipinc.com.
American Equipment is aggressively seeking to acquire other overhead crane and material handling equipment, parts and service solution providers and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Ryan Aprill, Principal at Rotunda Capital Partners, regarding acquisition opportunities.
About Rotunda Capital Partners
Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial & business services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com.
Rotunda Capital Partners
View source version on newsdirect.com: https://newsdirect.com/news/american-equipment-holdings-deepens-geographic-coverage-and-service-capabilities-through-acquisition-of-industrial-hoist-and-crane-584107145