Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a new debt and equity co-investment alongside Rotunda Capital Partners in the formation of American Equipment Holdings (“American Equipment” or the “Company”). The Company represents the formation of the premier overhead crane and hoist solutions platform in the Western U.S. through the combination of American Equipment, Pacific Crane & Hoist, and Allied Crane.
The consolidated entity is one of the largest independently owned overhead crane and hoist solutions providers in the country, serving over 2,000 customers across 14 strategic locations throughout Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Wyoming. Together, American Equipment Holdings provides comprehensive solutions for everything related to customers’ overhead crane and hoist needs, including new and replacement equipment, ISO certified fabrication, automated systems, system modernizations, parts, inspections (including OHSA and Cal-OSHA), preventative maintenance and repair services and training.
Rotunda’s acquisition of American Equipment Holdings was completed in partnership with Adam Zimmerman, American Equipment’s president and CEO, and Michael Perera, founder of Pacific Crane & Hoist. Mr. Zimmerman and Mr. Perera will maintain ownership interest in the Company and continue to hold leadership positions in the Company.
For more information on this transaction, please contact Jonathon Cope.