20.02.2011

Coast Crane drops Manitowoc/Grove

Coast Crane has announced will no longer serve as a distributor of new Manitowoc crawler and Grove telescopic cranes. It will though remain as a Potain distributor for self-erecting and city hammerhead cranes, in the western US, Alaska, Hawaii and Guam.

Coast, which is now a wholly owned subsidiary of Essex Crane, will remain a National Key Account for all Manitowoc Crane Group products which will allow it to continue to purchase all new equipment and parts for its rental fleet directly from the manufacturer.

This new arrangement is similar to the relationship that has existed between Essex Crane and Manitowoc for more than 15 years.

Besides the Potain tower crane lines, Coast Crane will continue to act as a new equipment dealer for several other manufacturers, including Tadano, Mantis, Little Giant, Manitex and Lull.

Ron Schad, chief executive of Essex Rental said: "We are pleased to continue representing certain Manitowoc products, and expect to add additional manufacturers’ product lines and territories in the near-term, based on discussions that we have had to date. We consider our three core competencies to be new and used equipment distribution, a broad national offering of rental equipment, and service and parts support, and plan on aggressively building these primary business lines."

"Thus far, we are pleased with the Coast Crane acquisition. We recently completed a comprehensive appraisal of Coast Crane’s assets and they were valued consistent with our purchase price. The acquisition has also broadened our business prospects and we are excited by the many growth opportunities presenting themselves, as well as with Coast Crane’s exceptionally dedicated and knowledgeable employees.”