American Equipment Holdings, a Rotunda Capital Partners portfolio company, has acquired Kistler Crane & Hoist, a Midwest provider of overhead crane systems and MRO field services.
Financial details were not disclosed.
The acquisition is the sixth acquisition completed by American Equipment since partnering with Rotunda in May of 2021.
The deal 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, Rotunda said in its announcement.
“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.”