Tall Crane Equipment sold to Alimak Group
September 23, 2022 By Don Horne
British Columbia’s Tall Crane Equipment Ltd. (TCE) has been sold to Alimak Group.
TCE, located in Langley, B.C., has served the market for more than 40 years as a licensed elevator contractor, providing hoist and crane rentals, qualified licensed personnel, and repairs and maintenance on site and off site. TCE has been an Alimak Construction Division customer for over 30 years and will become part of Alimak Group’s Construction division.
Located in Stockholm, Sweden, Alimak Group (AG) is a provider of vertical access solutions for professional use and has been a pioneer and industry leader for over 70 years. With a global reach spanning more than 100 countries, AG offers vertical access solutions adding customer value through greater safety, productivity and resource efficiency.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham and his team, led by Managing Director, M&A, Ted Rattenberry, with the support of Sr. Managing Director – Western Region, Lori Galloway closed the transaction.
“Since Alimak is Tall Crane’s primary supplier there was a strong strategic fit with multiple synergies. In addition, given the companies’ long-standing working relationship, the transaction represented an ideal alignment in a number of ways,” said Rattenberry.
AG’s products and solutions are sold under the brands Alimak, CoxGomyl, Manntech, Avanti and Alimak Service, brands with strong market recognition and known for their strong safety record, high quality and durability.
The company has an installed base of over 70,000 elevators, hoists, platforms, service lifts and building maintenance units around the world. Founded in Sweden 1948, AG has its headquarters in Stockholm, 10 production and assembly facilities in 8 countries and 2,000 employees around the world.
The acquisition reflects Alimak Group’s strategic goal of being close to its customers in the markets in which they operate. Tall Crane’s rental services business provides a strong foundation to expand Alimak Group’s new and used product offerings. The addition of a wholly owned footprint in Canada also creates opportunities to further expand both in construction and in permanent industrial equipment, including parts and services.
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