Markets & Reports
What are the Top 50 companies in North America?
August 31, 2022 By Don Horne
Tower crane usage has picked up considerably on infrastructure projects, industrial jobs and large-scale mixed-use projects and campuses where multiple tower cranes often operate in tandem.
But who are the Top 50 companies operating in North America?
The ACT Tower Crane 50, an annual index from our colleagues over at American Cranes & Transport, reflects an evolving sector that is in a state of flux. Mergers and acquisitions (M&A) have significantly changed our 2022 tower crane toplist, which is slightly down in terms of overall fleet size from 2021. In 2021, the fleet size of the list was 2,260 units, while this year it is 2,221, a loss of 39 units.
The ACT Tower Crane 50 features 36 companies with 264 branches and 9,159 employees for 2022. Last year’s list featured 34 companies, 273 branches and 9,282 employees.
Leading North American tower crane company Morrow Equipment remains at Number 1, a place the company has held since the inception of the ACT Tower Crane 50. Morrow reported an impressive 563-unit fleet. In May, Morrow placed an order for 27 new Liebherr tower cranes, so the company’s fleet appears to be growing.
Maxim Crane Works held onto the Number 2 spot with 334 units.
Uperio, fueled by the acquisitions of P&J Arcomet and Compass Equipment, debuts on our list at Number 3 with a fleet of 140 tower cranes. The addition of Uperio North America bumped Bigge Crane & Rigging to Number 4. Bigge reported a fleet of 99 tower cranes.
Breaking into the top five this year is Stafford Soima Crane Group. The company jumped from Number 6 to Number 5 with a fleet of 96 tower cranes, an increase of 22 units from last year. Stafford Soima Crane Group acquired Portuguese tower crane manufacturer Soima last year.
NEW ENTRIES TO THE ACT TOWER CRANE 50
In 2022, there are five newcomers on the ACT Tower Crane 50. In addition to Uperio at Number 3, Fuse Equipment made its debut at Number 20. Established in 2007, Fuse is a growing company with headquarters in Boston, MA, and offices in New York, the Southeast, Texas and on the West Coast.
Reynolds Rigging & Crane has two branches, 60 employees and 18 tower cranes. The company’s first-time rank is Number 28.
JCrane has been on the list before and returns with a rank of Number 33.
The final newcomer is Number 34, Arrow Crane. With a fleet of eight tower cranes, the company is based in Ontario, Canada. The company is led by Daniel Wright, president, and his grandfather, Ricky Redigonda.
The biggest jumper is Rocky Mountain Crane, which jumped from 32 to 22.
With all the M&A activity over the last couple of years, it’s easy to understand why this list looks different this year.
The ACT Tower Crane 50 is open to any tower crane company that operates in the United States, Canada and Mexico.
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