DeSHAZO Crane Company Launches Growth Initiative and Seeks Acquisitions to Meet Increasing Customer Demand
DeSHAZO currently has over 25,000 working cranes in service across North America, South America, EMEA, and Asia.
DeSHAZO LLC, (“DeSHAZO” or the “Company”) a leading U.S. manufacturer and servicer of custom-built overhead cranes with the capability to engineer turnkey automation solutions for construction, infrastructure, manufacturing, and distribution projects, today announced it is seeking strategic acquisitions to continue its successful growth trajectory and expand its business operations. The Company has appointed Carl Marks Securities, a national investment banking firm, to assist in identifying and pursuing conversations with local and regional crane businesses in the U.S. that would be potential additions to the DeSHAZO family of companies.
Founded in 1972 and based in Bessemer, Alabama, DeSHAZO is a multi-generation family business that designs, manufactures, services, automates, and installs custom-built overhead cranes used in a variety of applications from light industrial to CMAA class “F” mill duty service. DeSHAZO currently has over 25,000 working cranes in service across North America, South America, EMEA, and Asia. The company has 500 employees and operates over 300,000 square feet of state-of-the-art manufacturing and engineering complexes.
“We like to say that we’re not just in the crane business – we’re in the solutions business. Strategic acquisitions are the right solution for DeSHAZO to be able to grow into an even stronger business and meet the expanding needs of customers worldwide,” said Guy K. Mitchell III, CEO of DeSHAZO. “Our custom-built cranes elevate projects for our clients, and we want to continue to advance and grow our business by expanding our geographic reach, enhancing our competitive advantage, and strengthening our supply chain.”
With manufacturing and construction mounting a strong comeback, and a renewed focus on infrastructure projects, DeSHAZO is seeking strategic acquisitions to meet growing customer demand and expand manufacturing capabilities into new geographic regions.
For more information on DeSHAZO and its growth plans, interested parties may visit https://www.deshazo.com/ or contact Jon Bushnell of Carl Marks Securities at 908-399-2306 or [email protected].
Securities services offered through Carl Marks Securities LLC, a member of FINRA and SIPC.
About DeSHAZO
DeSHAZO LLC is a leading manufacturer and service provider of precision-engineered, custom-built overhead cranes from light industrial to CMAA class “F” mill duty service. The Company offers turnkey automation solutions for construction, infrastructure, manufacturing, and distribution projects. DeSHAZO currently has more than 25,000 cranes in operation throughout North and South America, Asia, the EU, and the Middle East. The Company is based in Bessemer, Alabama and operates more than 20 service locations as well over 300,000 square feet of manufacturing and engineering complexes. For more information, visit www.deshazo.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20210512005361/en/