Salt Lake City-based American Equipment Holdings has acquired Kistler Crane & Hoist, a Midwest provider of overhead crane systems and MRO field services. The agreement is the sixth acquisition completed by American Equipment since partnering with Rotunda Capital Partners in May 2021.
Financial details were not disclosed.
The acquisition is expected to expand American Equipment’s geographic footprint to the Midwest, enabling both companies to “extend their MRO field services and production reach to better serve national and regional customers,” according to a statement from Rotunda.
American Equipment and Kistler Crane are expected to pursue additional complementary acquisitions throughout the midwestern U.S. Kistler Crane’s owner, Mark McElligott, will continue to his company as a division of American Equipment post-transaction, the companies have agreed.
“We are excited to welcome Kistler Crane to the American Equipment family and to partner with Mark, and the entire Kistler team,” said American Equipment CEO Adam Zimmerman. “The acquisition of Kistler Crane is another significant milestone in our strategy of expanding our geographic footprint and solution capabilities across the U.S. by acquiring long-tenured, best-in-class overhead crane production and MRO field service businesses.”