Latest news from Heavy Lift & Project Forwarding International Magazine

AmQuip and Maxim to merge

May 3 - North American private equity firm Apollo Global Management has signed agreements to acquire and merge together AmQuip Crane Rental and Maxim Crane Works.

Joined together, AmQuip and Maxim will offer a fleet of over 1,950 cranes, as well as a broad geographic footprint across North America.

The combined company will include senior executives from each company, and both the AmQuip and Maxim brands will continue as part of the merger.

Maxim ceo Bryan Carlisle is expected to serve as ceo of the combined business; while AmQuip's ceo, Bryan Carlisle, will continue to run the AmQuip operation as well as serving on the combined company's leadership team.

Maxim's Chief Executive Officer, Bryan Carlisle, is expected to serve as Chief Executive Officer of the combined business. AmQuip's Chief Executive Officer, Al Bove will continue to run the AmQuip operation, serve on the combined company's leadership team as well as play a senior role in the integration process.

The proposed transactions are subject to regulatory approval and customary closing conditions. Financial terms of the transactions were not disclosed.

HLPFI reported in May 2015 that Maxim had acquired Orlando, Florida based heavy haulage, specialised rigging and crane services provider Crane Rental Corporation.

Heavy Lift | News

Zeaborn to take full control of Zeamarine thumbnail image

Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
Views: 263
Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
Views: 227
Wallem sets out strategy change thumbnail image

Wallem sets out strategy change

April 18 - Wallem has rebranded its corporate identity to reflect the company’s updated strategy and service offering. 
Views: 198

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.