Pinnacle Cranes has been acquired by Atlantic & Southern Equipment
Western Allegheny Capital has sold Pinnacle Cranes to Atlantic & Southern Equipment.
Pinnacle is the largest full-service dealer of small and mid-sized cranes in North Carolina and South Carolina, offering new and used crane sales, bare rentals, service and parts. Pinnacle is the exclusive dealer of new Link-Belt cranes in the Carolinas and a Top Five Link-Belt dealer nationally, and also offers equipment from other leading OEMs, including Manitex, Magni and Shuttlelift. The company serves a diverse base of customers across a range of end markets, including infrastructure and utility, steel and precast erection, and commercial and industrial construction – all of which are experiencing heightened demand due to rapid population growth and capital investment in the Carolinas.
Atlantic & Southern Equipment is a Top Five Link-Belt dealer nationally and distributes Link-Belt cranes, Magni telehandlers, Manitex cranes and AGCO equipment from eight locations in Georgia, Alabama, Tennessee, the Florida Panhandle and North Carolina, and is a wholly owned subsidiary of Kelly Tractor Co., an authorized Caterpillar dealer in southern Florida.
Western Allegheny Capital is a family office that previously acquired one of Oaklins TM Capital’s equipment dealer clients, Tidewater Equipment.
Oaklins TM Capital served as the exclusive financial advisor to Pinnacle Cranes, a portfolio company of Western Allegheny Capital, in its sale to Atlantic & Southern Equipment, a subsidiary of Kelly Tractor Co. Oaklins TM Capital is a market leader in the equipment rental and dealer sectors, having completed 13 transactions since January 2021 with an aggregate value of US$2.3 billion, while publishing authoritative industry research.
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