Manitowoc Company Inc., a global manufacturer and distributor of cranes, has, in recent months, acquired two crane companies—Aspen Equipment, a crane dealer and service truck uplifter business, and H&E Equipment Services, Inc. a rental company of cranes located in Baton Rouge, Louisiana.
Both companies continue to operate as free-standing businesses under their own names.
For Aspen Equipment, a Bloomington, Minnesota-based company formed in 1926, the acquisition will help it and Manitowoc combine for growth opportunities, with Aspen’s aftermarket business complimenting the rental aspects of H&E’s crane segment.
Aspen’s upfitting business for the service truck market will combine well with Manitowoc’s national crane boom truck business.