Harris Williams & Co. Advises AmQuip Crane Rental LLC on its Pending Sale to Apollo Global Management, LLC
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces the pending sale of AmQuip Crane Rental LLC (AmQuip), a portfolio company of funds managed by Clearlake Capital Group, L.P. (Clearlake), to certain funds managed by affiliates of Apollo Global Management, LLC (Apollo; NYSE:APO). AmQuip is a leading provider of highly specialized, complex lifting solutions in North America. The transaction is being led by Drew Spitzer, Matt White, Chris Burnham and Neha Shah of Harris Williams & Co.’s Energy, Power & Infrastructure Group.
“Clearlake and management have done a tremendous job transforming and differentiating AmQuip as a value added lifting solutions provider,” said Drew Spitzer, a managing director at Harris Williams & Co.
“This is another marquee transaction for Harris Williams & Co. in the industrial services industry, and we expect continued activity in the markets AmQuip serves given the combination of sector growth and fragmentation in the industry,” added Matt White, a managing director at Harris Williams & Co.
Headquartered in Trevose, Pennsylvania, AmQuip provides highly specialized, complex lifting solutions, offering a differentiated value proposition to its customers in North America. A leader in the crane rental and solutions market, AmQuip operates a fleet of more than 550 cranes and specializes in the provision of fully operated rental services, bare rentals, value added consultation services and complete setup and logistics support to its target clientele in the refinery, petrochemical, industrial, non-residential construction and other sectors.
Clearlake is a private investment firm with a sector-focused approach. The firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational and strategic expertise. The firm’s core target sectors include technology, communications and business services, industrials, energy and power, and consumer products and services. Clearlake currently has over $3.5 billion of assets under management.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements, and capital markets advisory services.
Harris Williams & Co.’s Energy, Power & Infrastructure Group has experience across a broad range of sectors, including oil and gas equipment and services, energy efficiency and clean tech, industrial and infrastructure services, power products and technology, engineering and construction and environmental services. For more information on our energy, power and infrastructure experience, please visit the Energy, Power & Infrastructure Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.