Crane Rental Corporation

Crane Rental Corporation specializes in crane rental and lifting services for various industries, providing essential support for construction and heavy hauling projects nationwide. Crane Rental Corporation operates in the crane rental industry, offering specialized lifting solutions. Founded in 1960 in Orlando, US, the company was acquired by Maxim Crane Works, a portfolio company of Platinum Equity, in May 2015. The current CEO is Bryan Carlisle, while Ray Anthony is noted as the founder.

Crane Rental Corporation provides a wide range of crane rental and lifting services, serving industries such as commercial construction, industrial infrastructure, and heavy hauling. The company maintains a diverse fleet of cranes with lifting capacities from 2. 2 tons to over 2,500 tons, including all-terrain cranes, boom trucks, crawler cranes, and hydraulic truck cranes. Their equipment supports various projects, from constructing stadiums and skyscrapers to facilitating operations in manufacturing plants and data warehouses.

The client base comprises contractors, construction firms, and large industrial operators across major US markets, capitalizing on their extensive inventory. Crane Rental Corporation derives its revenue primarily from the rental of lifting and rigging equipment, alongside services like project management and engineered rigging solutions. Revenue is generated through rental agreements for short-term or long-term leases, based on client project requirements. Pricing varies with daily, weekly, or monthly rental rates, with additional charges for transportation, maintenance, and specialized rigging services.

The company also sells used cranes and equipment from prominent manufacturers, further enhancing its revenue streams. Their core services focus on delivering customized lifting solutions and ensuring safety management during the rental process. Crane Rental Corporation is strategizing for future growth by enhancing its product offerings and expanding market presence. Plans include designing new lifting solutions aimed at optimizing efficiency and safety, with expected launches in 2024.

The company targets expansion into the southeastern US market by 2026, aiming to tap into the growing demand for construction and industrial services in the region. The acquisition by Maxim Crane Works in May 2015 will also leverage resources to support these initiatives, fostering advancements in technology and service delivery.