American Equipment Holdings Expands Footprint to the Midwest via Acquisition of Kistler Crane & Hoist Transaction furthers national growth strategy and represents the sixth acquisition completed by American Equipment since May 2021
SALT LAKE CITY | February 23, 2022 07:43 AM Eastern Standard Time
American Equipment Holdings (“American Equipment”), a Rotunda Capital Partners portfolio company, has acquired Kistler Crane & Hoist (“Kistler Crane”), one of the Midwest’s leading providers of overhead crane systems and maintenance, repair and overhaul (MRO) field services. The acquisition of Kistler Crane is the sixth acquisition completed by American Equipment since partnering with Rotunda in May of 2021.
Based in Omaha, Nebraska, Kistler Crane will 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. American Equipment’s best-in-class quoting, engineering, new equipment and parts resources will also strengthen Kistler Crane’s value-proposition and solution capabilities for its longstanding blue-chip customer base. Collectively, American Equipment and Kistler Crane will pursue additional complementary acquisitions throughout the midwestern U.S.
Kistler Crane’s owner, Mark McElligott, will continue to lead Kistler Crane as a division of American Equipment post-transaction.
“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.”
“We are excited to join American Equipment on its journey of becoming a national one-stop-shop overhead crane solutions provider. After our initial meeting, it was obvious to us that American Equipment was the right partner for us given our shared values around customer service, employee culture, safety and integrity,” said Mark McElligott, owner of Kistler Crane. “We are excited by the many new possibilities this partnership creates that will enable us to deliver maximum value to our customers across the country and to provide meaningful opportunities for our employees.”
About American Equipment Holdings
American Equipment Holdings is home to a collection 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, 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 4,000 customers across more than 20 strategic locations nationwide. Together, American Equipment Holdings provides 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 Harrison Furse, Vice President of Business Development at Rotunda Capital Partners, regarding acquisition opportunities.
About Kistler Crane & Hoist
Founded in 1964, Kistler Crane & Hoist is a leading provider of comprehensive overhead crane solutions, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, new and replacement equipment, and system modernizations. Kistler Crane is based in Omaha, Nebraska and serves customers throughout Nebraska, Iowa, Kansas, Missouri and South Dakota. www.kistlercraneandhoist.com
About Rotunda Capital Partners
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.
Rotunda Capital Partners