# Crane 1 acquires service division of Piedmont Hoist and Crane

Crane 1 Services, a portfolio company of Pfingsten, acquired the Service Division of Piedmont Hoist and Crane, Inc., a provider of overhead crane services based in Colfax, North Carolina. The transaction closed on March 11, 2020.

- Type: Acquisition
- Announced: 2020-03-11
- Where: United States
- Status: completed
- Products: overhead crane services including inspections, maintenance, repair, and modification
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Pfingsten](https://endata.com/companies/4403.md) (investor)
- [Piedmont Hoist and Crane](https://endata.com/companies/32900.md) (target)
- [Crane 1 Services](https://endata.com/companies/40269.md) (acquirer)

## Sources

- [pfingsten.com](https://pfingsten.com/crane-1-continues-national-expansion-with-acquisition-of-piedmont-hoist-and-cranes-service-division/), 2020-03-18: "Pfingsten announced its portfolio company, Crane 1 Services, acquired the Service Division of Piedmont Hoist and Crane, Inc., a provider of overhead crane services."

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