Lift Works Inc., an independent provider of aerial equipment rental services to the Chicagoland market, announced it has been acquired by Sunbelt Rentals. The acquisition was completed January 12.
Lift Works was founded in 2003 and headquartered in St. Charles, Ill., with an additional facility in Rockford, Ill. Lift Works provides aerial solutions to the Chicagoland area and throughout the broader Midwest, offering equipment rentals, sales, aftermarket services and parts to more than a thousand small and mid-sized contractors.
“We are excited to pursue Lift Works’ next phase of growth with Sunbelt as our partner,” said owner Marty Starck. “They bring meaningful resources and equipment rental experience to the table that will help Lift Works better serve its customers going forward.”
This acquisition increases Sunbelt’s density in the Chicagoland market, expanding its roster of contractors while preserving the customer service, dedicated employee base and company culture that Lift Works has cultivated over the course of its 19-year history.
“In contemplating this transaction, my goal was to find the best new partner to provide Lift Works with the experience and capital necessary to continue its strong trajectory of growth, while supporting the existing management team and employee base with personal and professional growth opportunities,” added Starck. “Sunbelt is the right partner to accomplish this goal. Sunbelt has been a leading player in the equipment rental space for decades, is constantly evaluating new growth channels and understands the importance of preserving Lift Works’ culture and customer service.”
Lift Works’ senior management team will continue to lead the company and Starck will ensure a smooth transition, Lift Works said. Visit Lift Works Inc. on the web at www.liftworksinc.com/.
TM Capital Corp. served as the exclusive financial advisor to Lift Works in connection with this transaction. Perkins Coie LLP served as legal advisor to Lift Works and Parker Poe Adams & Bernstein LLP served as legal advisor to Sunbelt Rentals. Terms of the transaction were not disclosed.
Over the past three decades, TM Capital has completed nearly 450 transactions with a combined value of $30 billion. With offices in Atlanta, Boston and New York, TM’s capabilities include: complex mergers and acquisitions; debt and equity financings; minority and majority recapitalizations; restructurings; and board advisory services. Visit www.tmcapital.com.