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.”
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.
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.
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
It may not be practical — at least for now.
Take a look at this list of stock market holidays in 2022 to find out whether the market will be open on days like Labor Day, Black Friday, Christmas Eve and more.
These companies have the fuel to continue piping income into their investors' pockets in the coming years.
Oil prices have bounced around quite a bit this year. Brent oil, the global-pricing benchmark, started 2022 below $80 a barrel before soaring into the $120s following Russia's invasion of Ukraine. With the prospect of higher oil prices, we asked some of our energy contributors what oil stocks they believe are best positioned to capitalize following OPEC's bold move.
You would think this would be TIPS’ time to shine. Instead, the prices of Treasury inflation-protected securities—government bonds that are adjusted to keep up with inflation—have declined this year, even as inflation has soared. The comparable loss for ICE’s index of regular Treasury bonds was 13.5%.
(Bloomberg) -- Investors expect this earnings season to pummel stocks further and will watch Apple Inc. in particular as a bellwether of global economic conditions.Most Read from BloombergUkraine Latest: Putin Calls Security Meeting, Comments on BridgeRussia Races to Reopen Crimea Bridge Damaged in Fiery BlastPutin Orders Sakhalin-1 Project Transferred to Russian EntityEight Years of Combat Hardened Ukraine’s Army Into a Fighting ForceMore than 60% of the 724 respondents to the latest MLIV Pulse
For the retail investor, the only certainty of our current market environment is uncertainty. Volatility is up, and the main indexes are showing deepening losses. As if that wasn't enough, at least one market bull is turning a bit more pessimistic. JPMorgan strategist Marko Kolanovic has been one of the more bullish voices on Wall Street in recent months, but current conditions have him pushing the timeline back. While he still believes that the S&P 500 can hit 4,800, or a 32% gain from current
The market rally attempt is reeling, back near bear lows. What will investors discover on Columbus Day?
Each month I buy several dividend stocks to help build my passive income stream toward my goal of having it eventually offset my expenses. This October, I plan to add to my positions in Blackstone Group (NYSE: BX), Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A), Digital Realty (NYSE: DLR), Realty Income (NYSE: O), and NextEra Energy (NYSE: NEE) as more cash flows into my portfolio.
Investors are betting heavily on a decline in stock prices. They're usually right, according to research.
Wall Street tends to give stock splits more weight than they should have. Annaly's reverse split, however, might be a genuine warning sign.
The first quarter of 2022 has been difficult for retirement savers and retirees alike, and according to investment firm Charles Schwab, it was one of the worst quarters for fixed-income in decades. However, the rising yields and changed Federal Reserve … Continue reading → The post Charles Schwab Says Now Is the Time to Add This Asset to Your Retirement Portfolio appeared first on SmartAsset Blog.
Alphabet Inc.'s ( NASDAQ:GOOGL ) price-to-earnings (or "P/E") ratio of 17.9x might make it look like a sell right now...
The company's longtime CEO announced his retirement, leading some analysts to contemplate a cut to the 14% dividend.
Oil prices can be pretty unpredictable, impacting energy stocks
If you want income, you're in the right spot, but if you want growth, you might want to look elsewhere.
There aren't a lot of stocks that have produced the kind of dividend income that MPLX and Petrobras have over the past year.
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
(Bloomberg) -- One of the most popular crypto memes during the Covid pandemic was about how the Federal Reserve was “printing” an endless amount of dollars -- “money printer go brrr,” in Twitter parlance -- and how that enhanced the value of Bitcoin, which has a capped amount of tokens. Most Read from BloombergUkraine Latest: Putin Calls Security Meeting, Comments on BridgeRussia Races to Reopen Crimea Bridge Damaged in Fiery BlastPutin Orders Sakhalin-1 Project Transferred to Russian EntityEigh
In this article, we discuss the 10 best EV battery stocks to buy in late 2022. If you want to see more stocks in this selection, check out the 5 Best EV Battery Stocks to Buy in Late 2022. The share of EV sales has taken up more than 5% of the total new automobile […]