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    1. Mergers & Acquisitions

    Maxim Crane to Acquire Shaughnessy & Ahern Crane Co.

    May 3, 2019
    Maxim Crane Works and Shaughnessy & Ahern Crane Co. and S&A Cranes today jointly announced that the companies have reached agreement that Maxim will acquire the Shaughnessy Companies.

    Maxim Crane Works and Shaughnessy & Ahern Crane Co. and S&A Cranes today jointly announced that the companies have reached agreement that 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 more than 100 years. Maxim’s acquisition of the Shaughnessy Companies enhances Maxim’s full-service, nationwide crane rental and lifting solutions platforms 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. 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.

    “The Shaughnessy Companies offers one of the most experienced teams of crane professionals in the region,” said Bryan Carlisle, CEO of Maxim. “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.”

    “Our teams have always had a great working relationship,” added Frank Bardonaro, chief operating officer of Maxim Crane Works. “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-plus year legacy into the next generation of leadership.”

    Boston-based Shaughnessy Companies services customers throughout Boston and the northeastern United States with its fleet of cranes ranging from 15- to 275-ton capacities and a supporting truck fleet. Maxim Crane Works was founded in 1937 and has more than 2,600 cranes and 56 branches in the U.S.

    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.