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Industrial Machinery & Components

Buckner has completed a majority recapitalization with Markel Corporation

Buckner HeavyLift Cranes, LLC, (Buckner), the number 1 high-capacity crane rental services provider in the USA and the 7th largest crane rental company in the world, has completed its majority recapitalization with Markel Corporation.

Established in 1947 and headquartered in Graham, North Carolina, Buckner is a fourth-generation family business that has grown to become the number one crawler crane rental provider to the US wind energy market, offering approximately 160 crawler and telecrawler cranes to support the erection and repowering of wind turbines, infrastructure projects, the space industry, stadium construction, industrial and other complex projects. Buckner’s differentiated assets, combined with its comprehensive value-added services, including operated rentals, estimating, scheduling and logistics, lift planning, mobilization, engineering, assembly, disassembly and repairs, position the company as the go-to resource for complex, heavy lift projects.

Markel Corporation (NYSE:MKL, market cap US$17 billion) is a diversified financial holding company that, through its Markel Ventures subsidiary, makes long-term investments in high-quality businesses that operate with a high degree of autonomy.

One of Oaklins’ teams in the USA served as the exclusive financial advisor to Buckner HeavyLift Cranes in its majority recapitalization with Markel Corporation.

Service
M&A sell-side
Parties
“As Buckner’s financial advisor, the team demonstrated why they are a market leader in the equipment rental sector. They expertly positioned the business, highlighted our differentiated capabilities and articulated the market opportunity. Importantly, they identified a partner for Buckner in Markel, who is committed to supporting our long-term growth objectives and maintaining the unique culture which has been instrumental in our success for nearly eight decades.”

Doug Williams

CEO, Buckner HeavyLift Cranes, LLC

Talk to the deal team

 Paul R. Smolevitz

Paul R. Smolevitz

Managing Director
New York, United States
Oaklins TM Capital
 David M. Felts

David M. Felts

Managing Director
Atlanta, United States
Oaklins TM Capital
 Andy  Krna

Andy Krna

Managing Director
New York, United States
Oaklins TM Capital
 Vidur  Kapur

Vidur Kapur

Associate Director
New York, United States
Oaklins TM Capital
 Peirce  Sullivan

Peirce Sullivan

Associate
Boston, United States
Oaklins TM Capital
 Joseph  Kapur

Joseph Kapur

Analyst
Boston, United States
Oaklins TM Capital

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