Shaughnessy & Ahern Crane Co. and S&A Cranes LLC

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Shaughnessy & Ahern Crane Co. and S&A Cranes LLC - overview

Established

1916

Location

Boston, MA, US

Primary Industry

Logistics & Distribution

About

Shaughnessy & Ahern Crane Co. and S&A Cranes LLC specialize in crane rental and lifting services, offering a comprehensive range of equipment for various construction and infrastructure projects across the United States. Founded in 1916 and headquartered in Boston, US, Shaughnessy & Ahern Crane Co. and S&A Cranes LLC focus on providing crane rental services.


In May 2019, they were acquired by Maxim Crane Works, L. P. , a portfolio company of Apollo Global Management. The acquisition facilitated an expansion in operational capabilities while maintaining their established service offerings.


The company has completed one deal to date. Shaughnessy & Ahern Crane Co. and S&A Cranes LLC provide a wide array of crane rental services, featuring an extensive fleet that includes all-terrain cranes, boom trucks, carry decks, crawler cranes, hydraulic truck cranes, personnel hoists, rough terrain cranes, and tower cranes. These cranes support diverse lifting capacities from 2.


2 to 2,535 tons and are utilized in commercial construction, industrial infrastructure, and heavy hauling projects. The company also offers specialized assistance and management services, ensuring tailored solutions for clients across various sectors, including construction and manufacturing. The company generates revenue primarily through crane rentals and associated services, engaging in B2B transactions with clients who require specialized lifting equipment. Pricing models are based on project specifics, with tailored quotes provided for each rental period.


Shaughnessy & Ahern Crane Co. emphasizes high-quality equipment and a comprehensive service approach to meet the diverse needs of its clientele, which contributes to their competitive stance in the market. Following the acquisition by Maxim Crane Works in May 2019, Shaughnessy & Ahern Crane Co. plans to leverage funding from this transaction to enhance its service offerings and expand its operational footprint.


Although specific new products have not been detailed, the company is poised for growth in targeted markets across the United States. The integration with Maxim Crane Works is expected to facilitate access to additional resources and expertise, allowing for a broader service range to meet increasing market demands.


Current Investors

Maxim Crane Works, L.P.

Primary Industry

Logistics & Distribution

Sub Industries

Equipment Rental & Leasing, Trucking

Website

www.shaughnessy-ahern.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Shaughnessy & Ahern Crane Co. and S&A Cranes LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedShaughnessy & Ahern Crane Co. and S&A Cranes LLC-

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