CRANE 1 Expands Southeast Presence with Materials Handling Solutions Acquisition
We are pleased to announce that Material Handling Solutions (“MHS”) headquartered in Duncan, South Carolina (near Greenville, SC) with an additional service location in Charlotte, North Carolina has been acquired by CRANE 1 SERVICES, Inc. The acquisition will enable CRANE 1 to better service our growing customer base in the southeastern United States.
MHS has been in business for over 21 years and is a highly regarded regional player in the overhead material handling sector with an excellent reputation, high integrity, and a very experienced and excellent management team. MHS provides CRANE 1 with the key attributes that we would look for in any acquisition. This represents our fourth add on acquisition since Pfingsten Partners acquired CRANE 1 SERVICES in 2015.
We are extremely excited about this strategic acquisition, which provides us with extensive in-house production and service capabilities out of the expansive facility. MHS will support our southern region field operations with quoting, engineering, and supply of new crane equipment solutions.
MHS is highly qualified and well-respected as a crane equipment fabricator and field service provider and offers customers field services, including overhead crane inspections, repairs, and field maintenance. Their 22,000 square foot production facility will allow CRANE 1 to more efficiently produce and deliver crane and hoist systems into the regional marketplace.
CRANE 1 will offer additional opportunities for advancement and career growth as well as technical and leadership training to the associates of MHS.
Learn more about Material Handlings Solutions: http://www.mhs-llc.com/
President & CEO
CRANE 1 SERVICES, Inc.
“We are thrilled to add MHS to the Crane 1 family,” said Bob Vevoda, President and CEO of Crane 1. “The acquisition of MHS is another critical step for Crane 1 in building a leading, independent technical field service company focused on providing exceptional service quality and equipment uptime for our customers.”
Material Handling Solutions
A Division of CRANE 1 SERVICES
“MHS has always sought to be known as the high-quality provider in our regional market and in this pursuit of quality has avoided becoming one of the low-cost commodity companies which flood our industry. By joining the Crane1 family, we feel MHS can become a part of a much bigger and more established company in pursuit of the same values and quality as we built our business on.
The caliber of people within CRANE 1 we’ve come to know during the acquisition as well as some we knew before this process are of the highest integrity and share many core beliefs with us. We cannot wait to collaborate and work to become a part of one of if not the very best crane and hoist companies in the US.” Jack Hinsdale previous owner of MHS