Market Overview

Maxim Crane Works Acquires Leading Hoist and Technical Services Provider


Maxim Crane Works, L.P. is proud to announce that it has acquired Gould
Technical Services, LLC based in the Atlanta region. The acquisition is
another step towards increasing the Maxim footprint and improving the
support needed to further expand its Hoist Division. Chris Gould will
join the Maxim Family as the Vice President of the Hoisting Division. "I
have worked with and around the Maxim/AmQuip teams for nearly 15 years.
By joining the Maxim Family, we will be able to provide our customers
with a true "One Stop Shop" anywhere in the USA. My team and I are proud
of how much we accomplished at GTS and even more excited about the
future as we join the Maxim Team," said Gould.

"Chris and his team are definitely some of the most experienced and
respected experts in the Hoist industry," said Frank Bardonaro, COO for
Maxim. "Our team and customers have worked with Chris and his team for
years. As we drive towards our goal of 200 hoists, we identified Chris
and his team as the perfect partners. The addition of GTS to the Maxim
Company of Families continues to demonstrate our ability to partner with
the industry leaders around the country and in every aspect of the
Lifting Services Industry. We are extremely honored to have Chris and
his team on board and look forward to our increased fleet, footprint and
services needed to assure our customers with the best people in the
industry," added Bardonaro.

Financial terms of the acquisition were not disclosed, but it was funded
out of available cash on hand and no debt was assumed.

About Maxim Crane Works

Founded in 1937, Maxim is one of the largest lifting solutions
businesses in North America. Maxim, with its affiliated companies,
serves more than 6,000 customers through its fleet of over 2,500 cranes
situated in 50 branches. Maxim's full suite of lift solutions include
operated and maintained cranes, bare rental cranes, heavy haul / rigging
services, and value-added advisory services. Maxim offers a full
portfolio of cranes used in a variety of end markets. For more
information about Maxim, please visit

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