About Cranerental
Cranerental is a company based in Orlando (United States) founded in 1960 was acquired by Apollo Global Management in May 2016.. Cranerental has raised $27.9 million across 2 funding rounds from investors including Apollo Global Management and Maxim Crane. Cranerental has completed 5 acquisitions, including BG Crane Service, Coast Crane and Maxim Crane Works. Cranerental offers products and services including Crane Rentals and Heavy Hauling.
- Headquarter Orlando, United States
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Phone
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Website
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Social
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- Legal Name Maxim Crane Works
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.9 M (USD)
in 2 rounds
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Latest Funding Round
$27.9 M (USD), Series C
Sep 12, 2008
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Investors
Apollo Global Management
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
BG Crane Service
& 4 more
- Acquired by
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Products & Services of Cranerental
Cranerental offers a comprehensive portfolio of products and services, including Crane Rentals and Heavy Hauling. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Rental of cranes is provided for construction and lifting projects, covering types such as all-terrain and crawler cranes with various capacities
Heavy hauling solutions are offered, including customized transport of over-dimensional loads using state-of-the-art rigging systems
Funding Insights of Cranerental
Cranerental has successfully raised a total of $27.9M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $27.9 million completed in September 2008. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series C — $27.9M
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First Round
First Round
(12 Sep 2008)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2008 | Amount | Debt – Convertible - Cranerental | Valuation |
investors |
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| Sep, 2008 | Amount | Series C - Cranerental | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cranerental
Cranerental has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Apollo Global Management and Maxim Crane. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Buyouts are targeted through private equity investments by the firm.
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Founded Year | Domain | Location | |
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Crane rental company involved in rental and sale of cranes
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cranerental
Cranerental has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include BG Crane Service, Coast Crane and Maxim Crane Works. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Maxim Crane Works is engaged in crane rental and lifting services.
|
2000 | ||||
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Truck crane rental services are provided for various operations.
|
1999 | ||||
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Provider of crane and lifting rentals
|
1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Cranerental
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cranerental Comparisons
Competitors of Cranerental
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Cranerental
When was Cranerental founded?
Cranerental was founded in 1960 and raised its 1st funding round 48 years after it was founded.
Where is Cranerental located?
Cranerental is headquartered in Orlando, United States. It is registered at Orlando, Florida, United States.
Is Cranerental a funded company?
Cranerental is a funded company, having raised a total of $27.9M across 2 funding rounds to date. The company's 1st funding round was a Debt – Convertible of $18M, raised on Sep 12, 2008.
What does Cranerental do?
The company was founded in 1960 and is based in Orlando, United States, within the construction equipment sector. A selection of cranes, including all-terrain, crawler, and tower models, is offered for rental. Heavy hauling, specialized rigging, engineering support, maintenance, and project management are also provided. An inventory of used cranes is maintained for sale.
What products or services does Cranerental offer?
Cranerental offers Crane Rentals and Heavy Hauling.
How many acquisitions has Cranerental made?
Cranerental has made 5 acquisitions, including BG Crane Service, Coast Crane, and Maxim Crane Works.
Who are Cranerental's investors?
Cranerental has 2 investors. Key investors include Apollo Global Management, and Maxim Crane.