Great Rock Capital Secures $175 Million Credit Facility for A Crane Rental's Growth

In a strategic move poised to enhance the capabilities of A Crane Rental, LLC, Great Rock Capital has announced the successful closure of a $175 million senior secured revolving credit facility. This facility is designed specifically for A Crane, a key player in the crane rental and heavy-lifting service industry. As a distinguished private credit firm focused on middle market lending, Great Rock is proud to act as the Administrative Agent in this significant financing agreement.

A Crane is gaining recognition for its comprehensive infrastructure services, especially in crane rental and solutions for heavy lifting within the construction and industrial maintenance sectors. The newly established revolving credit facility, which leverages high-quality accounts receivable and machinery equipment, will not only refinance existing debts but will also provide the vital liquidity and financial flexibility necessary for A Crane to spur future growth initiatives.

Enhancing Business Operations

This significant financial support comes at a time when A Crane has been rapidly expanding its operations, stabilizing its position as a leader equipped with one of the most advanced fleets in the heavy-lift industry. Bill McCabe, the President of A Crane, expressed enthusiasm about the partnership with Great Rock, stating, "Since 2016, A Crane has expanded its operations with one of the youngest and most technologically advanced fleets in the heavy-lift industry. Today, with the support of Great Rock, we are well positioned to continue our growth trajectory and fulfill our customers’ future lifting needs." This growth is vital in addressing the increasing demand for crucial infrastructure services.

Stuart Armstrong, CEO of Great Rock Capital, also gave insight into the partnership, stating, "A Crane is a recognized industry leader, delivering best-in-class equipment and exceptional service to a growing customer base focused on critical infrastructure servicing needs. Its continued success is fueled by a strong management team, and we look forward to expanding on our financial partnership as they execute on their strategic initiatives."

Partnership for Future Growth

The financing agreement includes collaboration with Ares Commercial Finance, Wingspire Capital, and InterVest capital partners, who acted as co-lenders in this deal. This multi-faceted partnership approach exemplifies a robust strategy to support A Crane in its ambitious expansion plans.

The London Manhattan Company served as the exclusive financial advisor for this transaction, emphasizing the importance of expert guidance in secure financing solutions.

About the Companies Involved

Great Rock Capital: Specializing in the unique requirements of middle market companies across the United States and Canada, Great Rock Capital focuses on creating fast, flexible, and innovative financing solutions. They offer senior secured credit facilities ranging from $25 million to over $200 million, providing bespoke options that offer more flexibility than traditional commercial lending avenues. The firm benefits from significant capital commitments from private equity organizations, institutional investors, and corporate note holders.

A Crane: This dynamic firm specializes in providing a wide range of lifting services, particularly within the Eastern, Southern, and Central regions of the United States. Their repertoire includes renting heavy-lift equipment, functioning across various industries, including renewable energy and commercial construction. A Crane operates eight strategic branches, fortified with project management, rigging, engineering, and transportation capabilities.

As A Crane looks to the future, the union with Great Rock Capital signifies a pivotal step towards enabling enhanced service delivery and operational excellence. Through this financing, A Crane will be better equipped to address the lifting needs of its customer base while also responding effectively to the evolving demands of the infrastructure industry.

For more information about Great Rock Capital, visit greatrockcapital.com. To learn more about A Crane, explore acranena.com.