Photo by Michael Roth, RER
Woody Weld, shown in his office at Acme Lift headquarters in Mesa, Ariz., has developed a unique business model, renting the biggest aerial units to other rental companies exclusively.
Woody Weld, shown in his office at Acme Lift headquarters in Mesa, Ariz., has developed a unique business model, renting the biggest aerial units to other rental companies exclusively.
Woody Weld, shown in his office at Acme Lift headquarters in Mesa, Ariz., has developed a unique business model, renting the biggest aerial units to other rental companies exclusively.
Woody Weld, shown in his office at Acme Lift headquarters in Mesa, Ariz., has developed a unique business model, renting the biggest aerial units to other rental companies exclusively.
Woody Weld, shown in his office at Acme Lift headquarters in Mesa, Ariz., has developed a unique business model, renting the biggest aerial units to other rental companies exclusively.

Acme Lift Gets $40 Million Funding Boost

Aug. 13, 2015
G.C. Anderson Partners, a New York-based investment bank, announced the closing of a $40 million financing for MacKinnon Skye Holdings, an affiliate of Acme Lift Co.

G.C. Anderson Partners, a New York-based investment bank, announced the closing of a $40 million financing for MacKinnon Skye Holdings, an affiliate of Acme Lift Co. MacKinnon Skye is a special purpose financing vehicle created to provide Acme access to additional capital to allow it to significantly increase funding for future growth. Acme Lift, based in Mesa, Ariz., the world’s largest rental company and leading re-renter of the largest aerial work platforms and telehandlers, received a $109.1 million investment from G.C. Anderson at the beginning of this year.

The financing consisted of a $40 million senior credit facility provided by Wells Fargo Capital Finance, part of Wells Fargo Bank, NA. G.C. Anderson Partners, through its own wholly owned broker-dealer G.C. Anderson Partners Capital, acted as exclusive financial advisor and placement agent. G.C. Anderson has raised more than $365 million in debt financing for its clients during the past 12 months.

“Acme Lift has a unique and highly effective wholesale business model that enables us to provide the safest and newest fleet of large aerial lifts to our customers,” said Acme Lift chairman and CEO Woody Weld. “The local, regional and national equipment rental companies partner with Acme to enable them to provide their customers with a full complement of equipment including these specialized higher-lifting aerial units.

“We are seeing strong demand for our services so when G.C. Andersen approached me with this new financial structure, it was exactly the kind of solution I knew we were searching for. G.C. Anderson’s creative vision was instrumental in completing a very successful capital-raising outcome that will allow Acme Lift to achieve fleet growth in a cost-effective and flexible manner.”

To learn more about Acme Lift, read: http://rermag.com/aerial-equipment/re-rentals-wild-bunch