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Private Equity | Construction & Engineering Services

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.

Parties

Talk to the deal team

David M. Felts

Managing Director
Atlanta, United States
Oaklins TM Capital

Michael L. Bauman

Associate Director
New York, United States
Oaklins TM Capital

Reid Balser

Analyst
New York, United States
Oaklins TM Capital

Michael Sanseverino

Analyst
New York, United States
Oaklins TM Capital

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