Generational Equity Advises Tall Crane Equipment in Sale to Alimak Group
SEP 23, 2022 - 7:43 am
Generational Equity, a mergers and acquisitions advisor for privately held businesses, advised Tall Crane Equipment in its sell to Alimak Group. The transaction closed Aug. 24, 2022.
Tall Crane Equipment, located in Langley, British Columbia, Canada, has been an Alimak Construction Division customer for more than 30 years and will become part of Alimak Group’s Construction division.
AG’s products and solutions are sold under the brands Alimak, CoxGomyl, Manntech, Avanti and Alimak Service, brands with strong market recognition and known for their strong safety record, high quality and durability.
The company has an installed base of over 70,000 elevators, hoists, platforms, service lifts and building maintenance units around the world. AG is headquartered in Stockholm, has 10 production and assembly facilities in 8 countries and 2,000 employees around the world.
The acquisition reflects Alimak Group’s strategic goal of being close to its customers in the markets in which they operate. Tall Crane’s rental services business provides a strong foundation to expand Alimak Group’s new and used product offerings. This sale creates opportunities to further expand both in construction and in permanent industrial equipment, including parts and services.
Generational Equity executive managing director of M&A – Western Region, Stephen Crisham and his team, led by managing director, M&A, Ted Rattenberry, with the support of senior managing director – Western Region and Lori Galloway closed the transaction.
“Since Alimak is Tall Crane’s primary supplier there was a strong strategic fit with multiple synergies. In addition, given the companies’ long-standing working relationship, the transaction represented an ideal alignment in a number of ways,” Rattenberry said.
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