The Manitowoc Company, Inc., a leading global manufacturer of cranes and lifting solutions, has announced that it has acquired certain crane assets of Ring Power Corporation, a privately held company headquartered in St. Johns County, Florida.
The acquisition was achieved via Manitowoc’s wholly owned subsidiary, MGX Equipment Services, LLC, a company that provides comprehensive equipment solutions from the nation's top manufacturers, providing access to new and used equipment, an extensive crane rental fleet, OEM parts, and industry-leading repair and remanufacturing services.
This transaction expands Manitowoc’s direct-to-customer footprint in the territories with new and used crane sales, aftermarket parts, service, and remanufacturing support to a diverse range of end-user customers.
MGX will now serve crane customers in Georgia, North Carolina, and South Carolina.
Ring Power will maintain its current facilities in Georgia, North Carolina, and South Carolina for its utility and vocational truck operations. In addition, Ring Power will operate its crane business in Florida, representing Grove, Manitowoc, and National Crane products.
The Manitowoc Company, headquartered in Manitowoc, Wisconsin, was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused products and support services to its markets as one of the world's leading providers of engineered lifting solutions.
Via its wholly owned subsidiaries, Manitowoc designs, manufactures, markets, and supports comprehensive product lines of mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes under the Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, and Shuttlelift brand names.
Company information may be found at www.manitowoc.com.