Carousel Capital completed the acquisition of CraneWorks.

Carousel Capital, a private equity firm, completed the acquisition of CraneWorks, a company provider of operated crane services, crane rental services, and other related equipment rental solutions. Financial terms were not disclosed. “CraneWorks stands out in a fragmented market thanks to its unwavering commitment to service excellence and its strong regional presence in key markets with strong demographic tailwinds. We view CraneWorks as a high value, high service organization like so many other service-based businesses in which we’ve invested and we thank David and Steve for trusting us as their partners. We’re thrilled to join forces with David, Steve, and the entire CraneWorks team to support their next phase of expansion and deliver outstanding value to customers and stakeholders,” Jason Schmidly, Carousel Managing Partner.