Bay Crane acquires Gatwood
By Alex Dahm31 January 2022
Crane and rigging service provider Bay Crane Companies has acquired Gatwood Crane Rental Service in the USA.
New York-based Bay Crane said it acquired Chicago-based Gatwood as part of a strategic push to expand into Midwest United States. “We see Gatwood Crane as the foundation upon which we will build a leading Chicago-land crane service company. Our plan is to see this business grow and prosper as we add equipment, services, customers, additional locations and attract the highest quality employees,” said Kenneth Bernardo, Bay Crane CEO.
Ed Gatwood, CEO, commented, “We couldn’t have found a better partner than the Bay Crane team to take over the business my family built over the years. Bay Crane understands the importance of our people to the success of this business. I am excited for the future of Gatwood Crane, its employees and our ability to better serve our customers in the future.”
Bernardo continued, “We’re delighted to welcome our new customers and team members to Bay Crane. This transaction expands our presence into key markets with an experienced team that shares our pride in delivering superior customer service. As customers turn to us for their crane, rigging and transportation needs we intend to broaden our capabilities in the Chicago-land area to provide them with a complete range of solutions to help them succeed.”
Gatwood was founded by Chuck Gatwood in 1947. It is a well-known crane rental company in the Chicago-land area with a fleet of cranes up to 500 tonnes capacity.
Bay Crane was started in 1939 and has six main locations in New York, New Jersey, Rhode Island, Connecticut and Massachusetts.