Crane and Hoist Canada

News Cranes
Crane 1 buys Hoist & Crane Systems assets


May 11, 2022
By Don Horne


Topics

Crane 1 Services has purchased the assets of Charlotte, N.C.’s Hoist & Crane Systems, Inc. (H&C).

“We are thrilled to add H&C to the Crane 1 family and proud to welcome our new team members. This asset purchase adds another strategic building block for Crane 1 as a leading, independent technical field service company focused on providing safe and exceptional solutions which lead to equipment uptime and reliability for our customers. The purchase also furthers our strategy of growing through highly selective acquisitions of companies with excellent reputations in the overhead crane market that expand our geographic service footprint,” said Thomas Boscher, president/CEO, Crane 1.

H&C has been in business since 1977 and was owned by Mark Dunn and Warren Penzer. It will continue its operations in Matthews, NC, a suburb of Charlotte, and will continue to service existing and new customers.

“Over the last 20 years, Warren Penzer and I, along with our team, have built an incredible company. Providing excellent customer service, creative solutions, and dependable service to our customers is, and will always be, our main priority. We have grown by investing in our employees while providing our customers the highest quality products and service. As we transition from our current ownership to the new ownership of Crane 1, I am proud to say we share the same core values of integrity, employee focus, and outstanding customer service. We are excited to become a part of the Crane 1 family. Together we will strive to grow in our market while remaining respectful, honest, and caring to our employees and customers,” said Dunn, President, H&C.

Advertisement

Dunn, who will continue to lead the team moving forward, has guided the H&C team through a period of significant growth and is recognized as a team-oriented leader.