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Track Record
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Stormont Energy Advisors Corp. is pleased to announce the following successful transaction in the Industrial Crane Services market segment.

In July, 2017, all of the outstanding shares of a large private crane services company (“CRANE CO.”) were acquired by the portfolio company of a large North American private equity group.
 
CRANE CO. is a leading Western Canadian provider of mobile crane and picker services to the upstream and midstream energy segments.
 
Stormont acted as the exclusive financial advisor to the seller and its shareholders, performing the following:
 

  • Identified suitable target buyers
  • Managed the process with multiple counter-parties
  • Negotiated commercial terms
  • Managed due diligence
  • Closed the sale of the company

 
This transaction provided the selling shareholders with a liquidity event as well as a
financial partner to support the company’s future growth plans. Through this
acquisition the private equity buyer gained a significant foothold in the Canadian
energy crane services market as well as an operating partner for their portfolio
company’s other lines of business.


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