Maxim Crane Works, L.P. (“Maxim”) and Shaughnessy & Ahern Crane Co. and S&A Cranes LLC (“Shaughnessy Companies”) have entered into an agreement pursuant to which Maxim will acquire the Shaughnessy Companies.
Following the closing, Maxim will begin integrating the Shaughnessy Companies with its existing operating business
The Shaughnessy Companies are one of the oldest providers of crane rental and related lift solutions servicing the Boston Region for over a hundred years. Maxim’s acquisition of the Shaughnessy Companies enhances Maxim’s full-service, nationwide crane rental and lifting solutions platform and expands its operations in one of the nation’s most critical region, the company said.
Following the closing, Maxim will begin integrating the Shaughnessy Companies with its existing operating business.
“The Shaughnessy Companies offers one of the most experienced teams of crane professionals in the region,” said Bryan Carlisle, chief executive officer, Maxim. ”Their state of the art fleet provides customers with a ‘best in class’ brand of products, parts, services and rental equipment. We are confident that the combination of the Shaughnessy Companies and Maxim will bring added value to our combined customer base, employees and the industry.”
Jack and Mike Shaughnessy are extremely honored and look forward to have S&A/Maxim lead the Shaughnessy Family of cranes legacy into the next generation.
“We are excited to combine the people and expertise of our industry leading companies to provide the additional equipment and services,” said Paul Preziosi, VP of the New England region for the combined S&A/Maxim.
“Our teams have always had a great working relationship,” said Frank Bardonaro, COO, Maxim. “This combination will ensure our customers that we can continue to provide the rigging, storage and crane related services needed to support the robust growth in our New England market. It is an honor to work with the Shaughnessy family and team and to continue their 100+ year legacy into the next generation of leadership.”