Clearlake finalises AmQuip takeover

29 October 2014

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Clearlake Capital Group has completed its acquisition of US crane rental company AmQuip.

AmQuip, based at Trevose, Pennsylvania, was previously owned by a consortium of investors including Altpoint Capital Partners LLC.

The company serves 36 states from 13 locations across the US, with a fleet of around 500 cranes, covering lifting capacities from 6t to 716t.

Albert Bove, chief executive at AmQuip, said: "We are excited to partner with Clearlake, which boasts a successful track record of backing, supporting and growing companies that provide services to the energy and industrial end markets."