Sources: Crane Carrier Co., New Philadelphia, Ohio; CP staff
Crane Carrier Co. has become an independent company following the sale of its namesake truck and Kimble Mixer Co. businesses to Turnspire Capital Partners LLC and the management team. Previous known as Hines Specialty Vehicle Group, CCC consists of Crane Carrier Co. (truck chassis), Crane Carrier Company Engineered Chassis and CyKlone Mixers with Kimble Technology. In conjunction with acquiring Ohio manufacturing operations, Turnspire and management cite a substantial investment in CCC and will continue to support the business with financial and strategic resources.
“Demand for the quality and durability of our products is growing as we continue to attract prominent customers and expand our aftermarket parts and service networks,” says CCC President Randy Rollins. “Turnspire[’s] record of fostering operational excellence and growth initiatives will allow us to best position Crane Carrier Company for the future.”
“An iconic brand, Crane Carrier Company is an ideal fit for our strategy of investing in high‐quality businesses in specialty markets,” adds Turnspire Capital Managing Partner Ilya Koffman. “We look forward to working with the talented, experienced and dedicated leadership team and valued employees of CCC to support the company’s continued growth through their best‐in‐class products and superior customer service.”