# L Squared Capital Partners acquires Crane 1

L Squared Capital Partners acquired Crane 1, a provider of overhead crane MRO services and equipment based in Miamisburg, Ohio, from Pfingsten. The acquisition is L Squared's second platform investment in Fund III.

- Type: Acquisition
- Announced: 2021-08-16
- Where: Miamisburg, Ohio, United States
- Jobs: 225
- Status: completed
- Products: overhead crane MRO services, overhead crane equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Pfingsten](https://endata.com/companies/4403.md) (partner)
- [L Squared Capital Partners](https://endata.com/companies/57013.md) (acquirer)
- [Crane 1](https://endata.com/companies/57131.md) (target)

## Sources

- [business.thepilotnews.com](https://business.thepilotnews.com/thepilotnews/article/bizwire-2021-8-16-l-squared-completes-the-acquisition-of-crane-1), 2021-08-16: "L Squared is excited to begin our partnership with the Crane 1 team."

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