Maxim Crane Works, L.P. (“Maxim”) and Shaughnessy & Ahern Crane Co. and S&A Cranes LLC (“Shaughnessy Companies”) today jointly announced that the companies have entered into an agreement pursuant to which Maxim will acquire the Shaughnessy Companies. The Shaughnessy Companies are one of the oldest providers of crane rental and related lift solutions servicing the Boston Region for over a hundred years. Maxim’s acquisition of the Shaughnessy Companies enhances Maxim’s full-service, nationwide crane rental and lifting solutions platform and expands its operations in one of the nation’s most critical regions.
Following the closing, Maxim will begin integrating the Shaughnessy Companies with its existing operating business. Customers will continue to receive the same high quality service they have come to expect. Through Maxim’s coast-to-coast footprint, engineering, operated rentals and heavy haul services, the Shaughnessy Companies team and customers will gain access to one of the largest modern fleets of full service lifting solutions in the world.
Bryan Carlisle, Chief Executive Officer of Maxim, stated, “the Shaughnessy Companies offers one of the most experienced teams of crane professionals in the region. Their state of the art fleet provides customers with a ‘best in class’ brand of products, parts, services and rental equipment. We are confident that the combination of the Shaughnessy Companies and Maxim will bring added value to our combined customer base, employees and the industry.”
Jack and Mike Shaughnessy are extremely honored and look forward to have S&A/Maxim lead the Shaughnessy Family of cranes legacy into the next generation. Paul Preziosi, now VP of the New England region for the combined S&A/Maxim added, “We are excited to combine the people and expertise of our industry leading companies to provide the additional equipment and services.”
“Our teams have always had a great working relationship. This combination will ensure our customers that we can continue to provide the rigging, storage and crane related services needed to support the robust growth in our New England market. It is an honor to work with the Shaughnessy family and team and to continue their 100+ year legacy into the next generation of leadership,” added COO, Frank Bardonaro.
About Shaughnessy & Ahern Crane Co. and S&A Cranes LLC
Founded in 1916, Shaughnessy Companies, with corporate headquarters in Boston, MA services customers throughout the Boston area and Northeastern United States with its continuously updated fleet of cranes ranging from 15 to 275 ton capacities and a supporting truck fleet.
About Maxim Crane Works
Founded in 1937, Maxim is one of the largest lifting solutions businesses in North America. Maxim, with its affiliated companies, serves more than 10,000 customers through its fleet of over 2,600 cranes and 56 branches. Maxim’s full suite of lift solutions include operated and maintained cranes, bare rental cranes, heavy haul / rigging services, and value-added advisory services. Maxim offers a full portfolio of cranes used in a variety of end markets. For more information about Maxim, please visit http://www.maximcrane.com/.
Source: Business Wire
