Essex sale complete

By Euan Youdale04 November 2008

Private equity company Kirtland Capital Partners has completed the sale of Essex Crane Rental Corp. to Hyde Park Acquisition Company for US$210 million.

Hyde Park has changed its name to Essex Crane Rental Corp. and will trade on the NASDAQ capital markets. Kirtland entered into an agreement to sell Essex to Hyde Park in March 2008. Completion of the transaction was subject to stockholder and regulatory approvals.

Essex is a leading provider of lattice-boom crawler cranes and rental services in the US.

"Our affiliation with Kirtland Capital has been an important part of our success over the past eight years. Their support of our management team and understanding of our business and industry, along with their expertise in the areas of finance and operations, served a vital role in the growth of our company. We are proud to have been associated with this fine firm and look forward to continuing the relationships we formed during their ownership," said Ron Schad, Essex president and CEO.

MAGAZINE
NEWSLETTER
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
Manitex Valla unveils V210R electric crane
Manitex Valla has launched the brand new V210R radio or cab controlled compact electric mobile crane.
New U.S. dealers for Goldhofer
Goldhofer Transport Technology extends its network in North America.
Liebherr delivers new harbor crane to Port of Toledo
A new LHM 550 harbor crane has increased the capacity at the Toledo-Lucas County Port Authority.
CONNECT WITH THE TEAM
D.Ann Shiffler Editor, American Cranes & Transport Tel: +1 512 869 8838 E-mail: d.ann.shiffler@khl.com
Matt Burk VP Sales Tel: +1 312 496 3314 E-mail: matt.burk@khl.com
CONNECT WITH SOCIAL MEDIA