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News » US » Maxim Crane buys Cincinnati rental business » published 12 Jul 2018

Maxim Crane buys Cincinnati rental business

Maxim Cranes has bought Tri-State Crane, a rental business based in Cincinnati, Ohio.

Maxim CEO Bryan Carlisle said the acquisition is a strategic move designed to expand Maxim's existing tri-state area operations and facilitate continued growth in the region.

Tri-State's crane services division was established in 1997. The firm offers services including hauling, storage, rigging and specialized lifting solutions.

Kathy and Paul Pitzer, owners of Tri-State Crane, said that they have known the Maxim team for over 35 years and we have always had a great working relationship. Paul Pitzer added: “My father and I both worked for the original Carlisle Company. We feel that the additional resources and nationwide services that Maxim offers will provide the best opportunities for long-term growth and success.”

“The Tri-State Crane acquisition is an excellent strategic move that adds more young assets to Maxim’s fleet and seamlessly integrates into the company’s existing footprint,” said Ed Peng, principal for Apollo Global Management and Member of the Maxim Crane Board of Directors. “We know there are many other regional players that could be a good fit as well and we are pursuing those opportunities to help grow and expand the business.”

 

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This article was published on 12 Jul 2018 (last updated on 12 Jul 2018).

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