DALLAS–( BUSINESS WIRE )– Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased in order to announce the sale of its client, Tall Crane Equipment Ltd. to Alimak Team. The transaction closed August 24, 2022.
High Crane Gear (TCE), located in Langley, British Columbia, Canada, has served the particular British Columbia market for over 40 years as a licensed elevator contractor, providing hoist and crane rentals, qualified licensed personnel, and repairs and maintenance on site and off site. TCE has been an Alimak Construction Division customer for more than 30 years and will become part of Alimak Group’s Construction division.
Located in Stockholm, Sweden, Alimak Group (AG) will be a world-leading provider of vertical access solutions for professional use and offers been a pioneer plus industry leader for over 70 years. With a global reach spanning more than 100 countries, AG offers vertical access solutions adding customer value through greater safety, productivity and resource efficiency.
AG’s products and solutions are sold under the brands Alimak, CoxGomyl, Manntech, Avanti and Alimak Service, brands with strong market recognition and known for their solid safety record, high quality and durability.
The Company has an installed base of over 70, 000 elevators, hoists, platforms, service lifts and building servicing units around the world. Founded inside Sweden 1948, AG has its headquarters in Stockholm, 10 production and assembly facilities in 8 nations and 2, 000 employees around the world.
The particular acquisition reflects Alimak Group’s strategic goal of being close to the customers in the markets in which they operate. Tall Crane’s rental services business provides a strong foundation in order to expand Alimak Group’s new and used product offerings. The addition of the wholly owned footprint within Canada also creates opportunities to further expand both inside construction plus in permanent industrial equipment, including parts and solutions.
Generational Collateral Executive Managing Director associated with M& A – Western Region, Stephen Crisham and his team, led by Controlling Director, M& A, Ted Rattenberry , with the particular support of Sr. Handling Director – Western Region, Lori Galloway closed the transaction.
“Since Alimak is Tall Crane’s primary supplier there was a strong strategic fit with multiple synergies. In addition , given the companies’ long-standing working relationship, the particular transaction represented an ideal alignment in a number of ways, ” said Rattenberry.
About Generational Equity
Generational Equity , Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors , Generational Consulting Team , and DealForce are part of the Generational Group , which is headquartered in Dallas and is one of the leading M& A advisory firms in North America.
Along with more compared to 300 professionals located throughout 16 offices in North America, the companies help business owners release the particular wealth of their business by providing growth consulting, merger, acquisition, and wealth management providers. Their six-step approach features strategic plus tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M& A transactional services, and wealth management.
The M& A Advisor named the company Investment Banking Firm of the Year three years in the row , Valuation Firm from the Year in 2020 , plus North American Investment Bank associated with the 12 months in 2022 . For more information, visit https://www.genequityco.com/ or the Generational Collateral press room .