Althoff Crane Service Sold to Centurion Group by Generational Group
Deal News | Mar 27, 2025 | Generational Equity
Generational Group, a prominent M&A advisory firm, has successfully brokered the sale of Althoff Crane Service, Inc., and Buffalo Ridge Transport Inc. to Centurion Group, which is part of SCF Partners' portfolio. This transaction, completed on October 29, 2024, highlights the strategic acquisition capabilities of Centurion Group within the industrial services sector. Althoff, a recognized entity in crane services and transport, is expected to enhance Centurion Group's operational footprint and market share, backed by the significant investment experience of SCF Partners. The involvement of Generational Group underscores its expertise in advising privately held businesses through complex M&A processes.
Sectors
- Industrial Services
- Private Equity
- Mergers and Acquisitions Advisory
Geography
- United States – The transaction involves U.S.-based companies, with Generational Group advising on the deal within this geographical context.
Industry
- Industrial Services – The acquisition involves companies providing crane services and transportation, key components of the industrial services sector.
- Private Equity – SCF Partners, involved in the transaction, is a private equity firm, highlighting the sector's role in mergers and acquisitions.
- Mergers and Acquisitions Advisory – Generational Group's role in the advisory aspect of the M&A transaction emphasizes the industry's significance.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Althoff Crane Service, Inc. | Target | Company | A company specializing in crane services and transport, involved as the acquired party in the transaction. |
| Buffalo Ridge Transport Inc. | Target | Company | Transport services company involved alongside Althoff Crane Service as part of the acquisition. |
| Centurion Group | Buyer | Company | Acquired Althoff Crane Service and Buffalo Ridge Transport to expand its industrial service capabilities. |
| SCF Partners | Portfolio Company Owner | Private Equity | A private equity firm that owns Centurion Group. |
| Generational Group | Advisory Firm | Company | An advisory firm specializing in mergers and acquisitions for privately held businesses. |