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    1. Mergers & Acquisitions

    Maxim Crane Works Acquires B&G Crane Service

    May 1, 2019
    Maxim Crane Works recently entered into an agreement to acquire B&G Crane, a wholly owned subsidiary of NCSG.

    Maxim Crane Works recently entered into an agreement to acquire B&G Crane, a wholly owned subsidiary of NCSG. B&G is one of the largest providers of crane rental and related lift solutions servicing the Gulf Coast region of the United States. Founded in 1946, B&G Crane, with corporate headquarters in New Orleans and branch offices in Baton Rouge, La., and Beaumont and Baytown, Texas, services customers throughout the Gulf Coast and southeastern U.S. with a fleet of more than 150 cranes ranging from four- to 825-ton capacities and a truck fleet of more than 100 vehicles.

    Following the closing, Maxim will begin integrating B&G with its existing operating business.

    “B&G Crane offers one of the most experienced teams of crane professionals in the region,” said Bryan Carlisle, CEO of Maxim Crane. “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 B&G and Maxim will bring added value to our combined customer base, employees and the industry.”

    “We believe that this transaction delivers an exciting opportunity for our employees to become part of the Maxim team and look forward to continuing to grow our business with our new partner,” said Trip Grilleta, division operations vice president for B&G Crane said.

    Stifel is serving as the exclusive financial advisor to B&G Crane for the sale; and Weil, Gotshal & Manges LLP is B&G Crane’s legal advisor. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Maxim’s legal advisor.

    Based in Newport, Ky., Maxim Crane Works is No. 5 on the RER 100.

    About the Author

    Michael Roth | Editor

    Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.