American Equipment Holdings Expands Geographic Coverage and Service Capabilities with Acquisition of Industrial Hoist & Crane

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Acquisition of Industrial Hoist & Crane Strengthens American Equipment’s Extensive Geographic Coverage, Coast-to-Coast Operations and Growing Team of Talented Professionals

SALT LAKE CITY

–Direct News–

American equipment (“US Equipment”), a Rotunda Capital Partners holding company, acquired Industrial hoist and crane (“Industrial Hoist”), a leading provider of overhead crane maintenance, repair and overhaul (MRO) services headquartered in Rock Springs, Wyoming, with operations throughout Intermountain West. The acquisition of Industrial Hoist marks the 12e complementary acquisition made by American Equipment since its partnership with Rotunda in May 2021.

For more than 20 years, Industrial Hoist has provided complete crane and hoist field service solutions, including repairs, inspections and replacement parts, to customers throughout the Western United States. Over the years, Industrial Hoist has built a reputation for integrity and customer service, which has earned the company a solid reputation in the region and a large base of loyal and loyal customers. Industrial Hoist will be rebranded as American Equipment and will continue to serve new and existing customers with the same reliable, high quality customer service it has demonstrated over the years.

“It’s an exciting day for all of us at Industrial Hoist & Crane,” said Donna Teeples, owner of Industrial Hoist. “The American Equipment team is deeply committed to its products, customers and employees and has clearly distinguished itself within the industry. We look forward to beginning to work together to deliver an unparalleled 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’m excited that we can now bring our two organizations together and provide our customers with more robust and comprehensive offerings and capabilities.”

About American Equipment Holdings

American Equipment Holdings is an organization of leading 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 and Hoist. The consolidated entity is one of the nation’s largest independent providers of overhead cranes and lifting solutions, serving more than 5,000 customers nationwide. Together, the American Equipment Holdings companies provide complete solutions for all customer crane and hoist needs, including OSHA mandated inspections, preventive maintenance and field repair services. , parts, engineering, ISO certified manufacturing, new and replacement equipment, automated systems, system upgrades and training.

American Equipment Holdings represents industry 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, its design, engineering, manufacturing and installation capabilities to meet their unique application needs. American Equipment Holdings serves local, regional and national customers in a variety of end markets, including light and heavy industrial, automotive, mining, utilities, military, aerospace and defense and energy, among others. For more information, visit www.amquipinc.com.

American Equipment actively seeks to acquire other suppliers of crane and material handling equipment, parts and service solutions and is interested in acquisition opportunities presented by business owners, management or intermediaries of Mergers and Acquisitions. Please contact Ryan Aprill, Principal at Rotunda Capital Partners, regarding acquisition opportunities.

About Rotunda Capital Partners

Rotunda Capital Partners is an operations-oriented private equity firm focused on transforming family businesses into dynamic, data-driven platforms capable of achieving and managing significant growth. Since its inception in 2009, Rotunda has partnered with management teams to build great businesses in three main sectors: value-added distribution, asset-light logistics, and industrial and commercial services. Rotunda strives to achieve repeatable 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.

Contact details

Rotunda Capital Partners

Jill Lafferty

+1 847-280-1295

[email protected]

Company Website

https://www.rotundacapital.com

See the 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

2022 News Direct Corp.

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