# Osprey and Allelys launch Osprey Heavy Lift joint venture

Osprey and Allelys formed a joint venture, Osprey Heavy Lift, to provide heavy lifting services for construction and power generation. HSBC provided a £7m equipment finance loan for cranes.

- Type: Partnership
- Announced: 2017-01-06
- Where: Portbury, near Portishead, United Kingdom
- Value: $8.60M (7.00M GBP)
- Jobs: 6
- Status: announced
- Products: heavy lifting services, cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [HSBC](https://endata.com/companies/2386.md) (investor)
- [Osprey](https://endata.com/companies/7316.md) (partner)
- [Allelys](https://endata.com/companies/21271.md) (partner)

## Sources

- [insidermedia.com](https://www.insidermedia.com/news/midlands/hsbc-backs-logistics-jv), 2017-01-06: "This deal and the development of Osprey Heavy Lift marks a major milestone in the future of our and Allelys' businesses."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.