Crane 1 Services Inc. completes acquisition of Standard Crane & Hoist, LLC to expand presence in the Southern United States
Crane 1 Services Inc. completes acquisition of Standard Crane & Hoist, LLC to expand presence in the Southern United States
08/07/24, 1:03 PM
Location
cincinnati
Industry
financial services
Crane 1 Services Inc., a leading independent technical field service company, has successfully acquired Standard Crane & Hoist, LLC, strengthening its position in the Southern United States. The acquisition is expected to provide enhanced value proposition, expanded geographic service footprint, and additional resources to deliver greater customer value and service excellence.
Company Info
Location
Cincinnati
Company info
Crane 1 is a leading provider of overhead crane MRO services and equipment that maximize safety, diminish liability, reduce maintenance costs, and increase overall productivity. The Company offers a full suite of services, including OSHA mandated inspections, maintenance, repair, design and installation of overhead crane systems and below-the-hook lifting devices. Additionally, Crane 1 operates a leading ecommerce site branded “Hoist Central,” providing customers with the highest level of service on hard-to-find controls and parts. Crane 1 is headquartered in Cincinnati, OH and operates across 17 states. For additional information, please visit www.crane1.com or www.hoistcentral.com
L Squared Capital Partners is an investment firm headquartered in Newport Beach, CA that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services. Our unique investor base of family offices enables us to focus on long-term value creation driven by revenue and earnings growth, not financial engineering, or market timing. The principals of L Squared have worked together for over a decade and have over 100 years of combined experience investing in growing private companies. For additional information, please visit www.LSquaredCap.com.