Pinnacle Cranes has been acquired by Atlantic & Southern Equipment
Western Allegheny Capital has sold Pinnacle Cranes to Atlantic & Southern Equipment.
Pinnacle is the largest full-service dealer of small and mid-sized cranes in North Carolina and South Carolina, offering new and used crane sales, bare rentals, service and parts. Pinnacle is the exclusive dealer of new Link-Belt cranes in the Carolinas and a Top Five Link-Belt dealer nationally, and also offers equipment from other leading OEMs, including Manitex, Magni and Shuttlelift. The company serves a diverse base of customers across a range of end markets, including infrastructure and utility, steel and precast erection, and commercial and industrial construction – all of which are experiencing heightened demand due to rapid population growth and capital investment in the Carolinas.
Atlantic & Southern Equipment is a Top Five Link-Belt dealer nationally and distributes Link-Belt cranes, Magni telehandlers, Manitex cranes and AGCO equipment from eight locations in Georgia, Alabama, Tennessee, the Florida Panhandle and North Carolina, and is a wholly owned subsidiary of Kelly Tractor Co., an authorized Caterpillar dealer in southern Florida.
Western Allegheny Capital is a family office that previously acquired one of Oaklins TM Capital’s equipment dealer clients, Tidewater Equipment.
Oaklins TM Capital served as the exclusive financial advisor to Pinnacle Cranes, a portfolio company of Western Allegheny Capital, in its sale to Atlantic & Southern Equipment, a subsidiary of Kelly Tractor Co. Oaklins TM Capital is a market leader in the equipment rental and dealer sectors, having completed 13 transactions since January 2021 with an aggregate value of US$2.3 billion, while publishing authoritative industry research.
Talk to the deal team
David M. Felts
Oaklins TM Capital
Michael L. Bauman
Oaklins TM Capital
Related deals
TEAM Safety Services Limited has been acquired by Vadella Group
TEAM Safety Services Limited, a leading UK-based health, safety and fire safety consultancy, has been acquired by Vadella Group, a specialist provider of inspection-led compliance services for the built environment.
Learn moreMEDIK Hospital Design Group has been acquired by STERIS
The private shareholders of MEDIK Hospital Design Group have sold their shares to STERIS plc. Together, MEDIK and STERIS will expand their offerings for hospitals and ambulatory surgery centers worldwide. MEDIK’s solutions ideally complement STERIS’ existing portfolio, enabling the combined group to strengthen its position as a leading provider of turnkey room solutions in surgical and IPT environments. The MEDIK management team will actively support the next phase of growth.
Learn moreBrand Group has acquired The Natoon Group
The Natoon Group has been acquired by Brand Group. This acquisition represents a significant strategic move that will help establish new, robust and stable growth channels. The transaction is intended to expand Brand Group’s revenues through service companies with recurring and predictable income streams supported by long-term contracts. As part of the agreement, Natoon’s senior management will continue to lead the company’s growth.
Learn more