Coast Crane acquired by equity firm

20 March 2008

Seattle-based Coast Crane has been acquired by a partnership of Northwest Capital Appreciation (NCA) and GE Asset Management Inc. Coast Crane is one of the largest crane distributors on the West Coast with 13 branches and 13 outlets specializing in crane rental, sales and service. It serves markets from San Diego to Anchorage and Western Canada. Details of the transaction were not disclosed.

“We are excited to partner with Coast's strong management team and look forward to growing the company with the help of CEO Dan Goodale and his team,” said NCA's Brad Creswell, in a press release. “Dan and his management team have built an outstanding company and we are privileged to be able to partner with them in this acquisition.

“Coast has grown substantially over the past few years as a result of strong commercial, energy and power and infrastructure construction markets, and an increase in maintenance projects by our 4,000 plus customers along the West Coast,” said Goodale. Coast Crane was purchased from Audax Group, a Boston based private equity firm, which purchased the company several years ago from founder, Ralph Hovis, who started Coast in 1971, in Portland, OR.

Delivered directly to your inbox, World Crane Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
In Memoriam: Earl Johnson, Jr., 1931-2023
ACT sadly reports that founder of Southern Industrial Constructors, Earl Johnson, Jr., 92, passed away on March 15. 
How can companies utilize the latest construction tech?
In 2023, as builders adapt to economic, supply chain and labor challenges, they’re turning to ConTech (construction technology) to boost performance.
The evolution of equipment and manufacturers in the SC&RA
In honor of the the Association’s 75th anniversary, this month spotlights member companies including Link-Belt Cranes, Trail King, Tadano, Kobelco Cranes and Liebherr. 
D.Ann Shiffler Editor, American Cranes & Transport Tel: +1 512 869 8838 E-mail:
Matt Burk VP Sales Tel: +1 312 496 3314 E-mail: