Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a recent subordinated debt and equity co-investment in support of an add-on acquisition by American Equipment Solutions, a portfolio company of Rotunda Capital Partners.
Headquartered in Salt Lake City, UT, American Equipment Holdings is one of the largest independently owned overhead crane and hoist, weighing and measurement solutions providers in the country. With more than 60 locations serving over 8,000 customers across the United States, American Equipment’s family of companies provides comprehensive solutions for everything related to customers’ overhead crane and hoist, weighing and measurement needs, including OSHA-mandated inspections, preventative maintenance and repair field services, parts, engineering, new and replacement equipment, automated systems, system modernizations and training.
Patriot initially invested in American Equipment in June 2021 at the time of Rotunda’s formation of the American Equipment Solutions platform. Since 2021, American Equipment has completed 17 acquisitions to significantly expand the company’s breadth and depth of capabilities. The company continues to remain interested in acquiring other overhead crane, industrial scale and material handling equipment, parts and solution providers.
For more information on this transaction, please contact:
Jonathon Cope, Principal
Zac Davliakos, Senior Analyst