American Equipment, Inc.
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American Equipment, Inc. - overview
Established
1969
Location
Salt Lake City, UT, US
Primary Industry
Industrial Machinery
About
American Equipment, Inc. is a US-based company specializing in the manufacturing and servicing of industrial cranes and material handling solutions, enhancing operational efficiency across various industries. Founded in 1969 and headquartered in Salt Lake City, US, American Equipment, Inc. focuses on industrial cranes and material handling solutions.
In June 2021, the company merged with Pacific Crane & Hoist, Inc. and Allied Crane Inc. to form American Equipment Holdings, creating new growth opportunities and expanding its influence in the market. The current CEO is Troy Vellinga.
American Equipment specializes in manufacturing and servicing industrial cranes and material handling solutions. Its product line includes overhead bridge cranes, gantry cranes, jib cranes, workstation cranes, and overhead hoists. These products are engineered to lift heavy loads in sectors like manufacturing, construction, and logistics. The company also offers automation systems to enhance safety and efficiency, along with parts and service offerings for seamless operations across diverse markets, including North America.
American Equipment operates on a B2B model, generating revenue through equipment sales and ongoing service contracts. This includes direct sales of cranes and automation systems, as well as service agreements covering maintenance and training. Their flagship products establish ongoing relationships with customers, leading to recurring revenue through bulk purchases and comprehensive service packages. Following the merger in June 2021, American Equipment plans to leverage its expanded capabilities to enhance its product offerings and geographic reach.
The company aims to introduce new crane models and automation solutions tailored for specific industries. Additionally, the merger is expected to provide a platform for entering new markets with a focus on increasing its presence in North America. The financial rationale behind this merger aims to strengthen the brand and create growth opportunities.
Primary Industry
Industrial Machinery
Sub Industries
Equipment Rental & Leasing, Industrial Machinery
Website
www.amquipinc.com
Company Stage
Buyout
Total Amount Raised
Subscriber access only
American Equipment, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Announced | Allied Crane Inc, American Equipment, Inc., Pacific Crane & Hoist, Inc. | - | ||||||||
| Buyout | Completed | American Equipment, Inc. | - |
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