Carousel Capital has acquired CraneWorks / RentalWorks

Carousel Capital has acquired CraneWorks / RentalWorks.

Carousel Capital is a Charlotte-based private equity firm focused on partnering with middle-market companies primarily in the business services, consumer products and services and healthcare services industries across the Southeast USA.

Based in Birmingham, AL, CraneWorks / RentalWorks is a leading, family-owned specialty equipment rental company providing operated crane services, crane rental services and other related equipment rental solutions.

Oaklins TM Capital, based in the USA, served as the exclusive financial advisor to Carousel Capital in connection with its recapitalization of CraneWorks / RentalWorks in partnership with existing shareholders.

Service

M&A buy-side

Parties

“We worked diligently over a couple of years to develop a strong relationship with the owners of CraneWorks / RentalWorks, and enlisted the input of Oaklins TM Capital along the way based upon their uniquely substantial experience spanning both the specialty equipment and crane rental segments. Ultimately, we engaged them more formally to assist us across key workstreams, including the market study scope, confirmation of our valuation thinking and insights into future growth opportunities. They proved an insightful partner and we look forward to executing upon CraneWorks /RentalWorks’ exciting future growth potential.”

Chris Wells

Principal, Carousel Capital

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David M. Felts

Managing Director

Atlanta, United States
Oaklins TM Capital

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Andy Krna

Managing Director

New York, United States
Oaklins TM Capital

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Michael L. Bauman

Associate Director

New York, United States
Oaklins TM Capital

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