22.05.2015

Maxim acquires in Florida

Maxim Crane Works has acquired Orlando, Florida based Crane Rental Corporation, which was established in 1960 and runs a fleet of crawler, Rough Terrain and All Terrain cranes, from three locations in Florida and one in Alabama. Terms of the transaction have not been disclosed.

This is the second acquisition that Platinum Equity-owned Maxim has made this month, having acquired the crane division of Indianapolis, Indiana, based Poindexter Transportation last week - see: Maxim acquires Poindexter's cranes.

Chief executive Bryan Carlisle said: “Acquiring a high-quality crane rental outfit like Crane Rental Corporation will help accelerate our expansion in the Southeastern United States, strengthen our team and add new equipment to our fleet. CRC is also a great fit for Maxim culturally, sharing our deeply held commitment to safety and service.”

Alan Ashlock, president of CRC added: “We are excited to become part of the great team at Maxim. Our relationship with the Maxim management team goes back more than 20 years. We look forward to our heavy hauling, rigging and crane assets, and especially our experienced workforce, joining forces with Maxim to continue to provide services nationwide.”

Frank Bardonaro, president of sales and business development, added: “Maxim has a great history and relationship with Alan and his team at CRC. They are proven operators across many key regions and equipment sectors, such as the heavy haul and rigging, that are great complements to our operations.”

Louis Samson, the Platinum Equity partner that led the acquisition of Maxim in 2008, said: “The industry remains highly fragmented and Maxim is a tremendous platform for additional growth. Maxim has strong leadership, national reach, a great reputation and the capacity for seamlessly integrating new people and equipment into its existing footprint. The company has great momentum and there are many more opportunities to pursue.”