09.11.2023

Filipov joins Crane 1 board

Ohio based overhead crane services company Crane 1 Services has appointed Steve Filipov as a non-executive director.

The company statement says his appointment will provide strategic counsel to Crane 1’s board and executive team through his expertise and strategic insight, in order to help the company deliver its strategic objectives. He is also a director of Atlas Crane Service with Ares Management.

Crane 1 is located in Cincinnati and offers a full range of services from service, repair and maintenance to routine and OSHA mandated safety inspections across 17 states. It also runs an online parts and service sourcing platform ‘Hoist Central’.

The company was originally part of Demag/Terex MHPS business, but has been owned by Newport Beach, California based L Squared Capital Partners since 2021, with the long term strategy to use acquisitions to build a truly national service supplier. As part of this strategy, it acquired the assets of Pittsburgh based D&S Hoist & Crane from owners Del and Steve Celasch last February and incorporated it into the business.
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Steve Filipov

Crane 1 chief executive Thomas Boscher said: “We are thrilled to welcome Steve Filipov to our board of directors. His exceptional industry insights, network and leadership will be instrumental in guiding our company’s growth and strategic direction. We believe Steve’s addition will further strengthen our position as a leader in the crane services sector and position us for outsized growth and value creation.”

Filipov added: “I am honoured to be part of the Crane 1 Services team and look forward to contributing to the company’s continued success. Crane 1 Services has a well-deserved reputation for excellence in the industry, and I am excited to be a part of its future.”