Responsive Image Banner

Ares Management purchases Atlas Crane

Premium Content

23 August 2022

Atlas Crane Service, a full-service crane rental company that primarily serves the wind industry, has announced that a fund managed by the Infrastructure Opportunities strategy of Ares Management has acquired a controlling interest in the company.

TM Capital served as the exclusive financial advisor to Atlas Crane Service. Terms of the transaction were not disclosed.

Founded in 2009 and headquartered in Aurora, IL, Atlas is a full-service crane rental provider offering turnkey maintenance, repair and overhaul solutions to over 250 customers. The company’s fleet of cranes provides mission critical maintenance and repair services for wind turbines. Atlas’ executive management team, led by Zach Prentis, chief executive officer, will continue to guide the company.

“The investment by Ares marks an exciting next chapter for Atlas, our employees and our customers as we seek to accelerate the growth of our business and capabilities,” said Prentis. “Ares brings meaningful resources and deep experience in the renewables industry, which we believe will support our strategic expansion in the growing wind sector. Our team is energized by the future opportunities for Atlas and we remain steadfast in our commitment to supporting renewable energy generation across the U.S.”

Keith Derman, partner and co-head of Ares Infrastructure Opportunities said the company is excited to support Atlas’ long-term vision and leverage their combined strengths towards renewable energy power generation.

“Zach and his team have built a differentiated business with a strong, entrepreneurial culture, and we look forward to helping them provide critical services and solutions to wind asset owners and operators throughout the country,” Derman added.

STAY CONNECTED

Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

Latest News
Longest turbine blades transported in Africa
New record for Vanguard with delivery of 25 turbines with 90 metre blades
Fagioli returns to UK market
Notus and Fagioli have a new joint venture business for heavy lifting and transport projects
Sönke Jordt strengthens fleet with Grove GMK4080L taxi crane
The taxi crane will support industrial, construction and infrastructure projects across northern Germany
CONNECT WITH THE TEAM
D.Ann Shiffler Editor, American Cranes & Transport Tel: +1 512 869 8838 E-mail: [email protected]
Alex Dahm Editorial Manager Tel: +44 (0) 1892 786206 E-mail: [email protected]
Matt Burk VP Sales Tel: +1 773 610 9467 E-mail: [email protected]
Simon Battersby Sales Manager Tel: +44 (0) 1892 786223 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA

Your VIP Pass to the World Cranes & Transport Summit

Dublin | Nov 18–19
Cap off the Summit with an exclusive Super-Premium Irish Whiskey Tasting at the historic Swan Bar.
🥃 Network with industry leaders in an intimate setting
🌍 Gain world-class insights at the conference
🍀 Experience the culture of old Dublin

I'M INTERESTED