Maxim Crane Works recently entered into an agreement to acquire B&G Crane, a wholly owned subsidiary of NCSG. B&G is one of the largest providers of crane rental and related lift solutions servicing the Gulf Coast region of the United States. Founded in 1946, B&G Crane, with corporate headquarters in New Orleans and branch offices in Baton Rouge, La., and Beaumont and Baytown, Texas, services customers throughout the Gulf Coast and southeastern U.S. with a fleet of more than 150 cranes ranging from four- to 825-ton capacities and a truck fleet of more than 100 vehicles.
Following the closing, Maxim will begin integrating B&G with its existing operating business.
“B&G Crane offers one of the most experienced teams of crane professionals in the region,” said Bryan Carlisle, CEO of Maxim Crane. “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 B&G and Maxim will bring added value to our combined customer base, employees and the industry.”
“We believe that this transaction delivers an exciting opportunity for our employees to become part of the Maxim team and look forward to continuing to grow our business with our new partner,” said Trip Grilleta, division operations vice president for B&G Crane said.
Stifel is serving as the exclusive financial advisor to B&G Crane for the sale; and Weil, Gotshal & Manges LLP is B&G Crane’s legal advisor. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Maxim’s legal advisor.