![]() Through Maxim’s coast-to-coast footprint, engineering, operated rentals and heavy haul services, the Coast team and customers will gain access to one of the largest modern fleets of full service lifting solutions in the world.īryan Carlisle, Chief Executive Officer of Maxim, stated “Coast Crane offers one of the most experienced teams of crane professionals in the region. Customers will continue to receive the same high quality service they have come to expect. Maxim will begin integrating Coast with its existing operating business. The acquisition was funded with the proceeds of an offering of Second-Priority Senior Secured Notes due 2024 issued by an affiliate of Maxim. ![]() The transaction, previously announced on April 20, 2017, was approved by the stockholders of Essex at a special meeting held on June 5, 2017. Maxim’s acquisition of Coast meaningfully enhances Maxim’s full-service, nationwide crane rental and lifting solutions platform and expands its operations in one of the nation’s fastest growing crane rental markets. Founded in 1970 and based in Seattle, Washington, Coast is one of the largest providers of bare crane rental and related lift solutions servicing the West Coast of the United States. BRIDGEVILLE, PA BUFFALO GROVE, IL ‘ J– Maxim Crane Works, L.P. (“Maxim”) and Essex Rental Corp. (OTC: ESSX) (“Essex”) today jointly announced the successful completion of the acquisition by Maxim of Coast Crane Company (“Coast”), an indirect subsidiary of Essex.
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