Date
Aug 2022
Region
Canada
We are pleased to share the sale of our client, Tall Crane Equipment Ltd. to Alimak Group. The transaction closed August 24, 2022.
Tall Crane Equipment (TCE), located in Langley, British Columbia, Canada, has served the British Columbia market for over 40 years as a licensed elevator contractor, providing hoist and crane rentals, qualified licensed personnel, and repairs and maintenance on site and off site. TCE has been an Alimak Construction Division customer for over 30 years and will become part of Alimak Group’s Construction division.
Located in Stockholm, Sweden, Alimak Group (AG) is a world-leading provider of vertical access solutions for professional use and has been a pioneer and industry leader for over 70 years. With a global reach spanning more than 100 countries, AG offers vertical access solutions adding customer value through greater safety, productivity, and resource efficiency.
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. Founded in Sweden in 1948, AG has its headquarters in Stockholm, 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. The addition of a wholly owned footprint in Canada also 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 Sr. Managing Director - Western Region, 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,“ said Rattenberry.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Engineering, Contracting & Construction M&A Deals page.
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