Maxim acquires Solley3 September 2019
Maxim Crane Works, and Solley Equipment & Rigging (Solley Crane) have entered into an agreement pursuant to which Maxim Crane will acquire Solley Crane.
Family-owned Solley Crane is operating in the Central Tennessee and Northern Alabama regions. The acquisition enhances Maxim Crane's full-service, nationwide crane rental and lifting solutions platform and expands its operations in one of the nation’s key geographic regions.
With Maxim Crane’s coast-to-coast footprint, providing engineering, equipment rental, turnkey lift services, rigging and heavy haul and transportation services, Solley Crane’s team and customers will gain access to one of the largest modern fleets of full service lifting solution equipment in the world.
Bryan Carlisle, CEO of Maxim Crane, stated, “The Solley Crane merger provides access to one of the most experienced teams of crane professionals in the region. They have an outstanding reputation and their fleet provides customers with a ‘best in class’ brand of products, parts, services and rental equipment. We are excited about this amazing combination and look forward to providing our team members and customers with the additional geographic coverage and services that Solley Crane and its team bring to our company”.
Ronnie Solley, owner of Solley Crane, said: “Solley Crane was started by my father, Ray, and the business has been the heart and soul of our family and employees for nearly 50 years. This merger will ensure that our employees, families and customers continue to enjoy the type of service, safety, and commitment that they have had in the past and guarantee that our business will continue for the next 50 years and beyond.”
Frank Bardonaro, COO of Maxim Crane, stated: “Our respective companies have always had a great working relationship. This combination will demonstrate to our customers and employees that we are committed to providing the rigging, storage and crane related services needed to support the robust growth in the Southeast. I have known Ronnie for over 15 years and have always admired and respected what he and his family have accomplished. We are excited that Ronnie and his team will remain intact to help lead the region and to continue their near five decade business legacy.”
This is the latest from a series of acquisitions by Maxim since 2018, which include: Shaughnessy & Ahern Crane, S&A Cranes, B&G Crane Service and Tri-State Crane.