Nations Capital and ML Crane Group enter partnership
04 January 2023
Nations Capital (NCI), a global asset management and advisory firm focused on investments and asset remarketing, has entered into an agreement with ML Crane Group and its affiliated companies to provide both capital and remarketing services.
This partnership aims to help ML Crane achieve its goals in updating their current fleet through the monetization of excess fleet assets, the company said. The ML Crane Group family of companies includes Crane Service, Inc., Marks Crane & Rigging, Winslow Crane Service Co. and Chellino Crane.
“Nations Capital is pleased to have partnered with ML Crane Group to help achieve its objectives as it seeks to optimize its fleet in the various sectors and markets it operates in,” said Zac Dalton, executive vice president, NCI. “NCI possesses a deep knowledge of the crane, heavy haul and rigging space providing customers and clients with creative solutions in rapid fashion.”
As part of the agreement, NCI has acquired certain assets which will be available to the crane, heavy haul and rigging market immediately. The assets include a fleet of all terrain cranes, rough terrain cranes, crawler cranes and boom trucks of various size and capacity. Beyond the assets immediately acquired, NCI is offering additional assets for sale on behalf of the company. Additional asset categories include a wide variety of cranes, truck tractors, service vehicles and support equipment.
“We are very pleased to enter into this agreement and relationship with NCI to allow us to continue to achieve our strategic goals across our family of companies,” added Caroline Asimakopoulos, president, ML Crane Group. Positioning our fleet to best serve our customer base is of critical importance as we prepare for the future.”