AmQuip Holdings and Clearlake Capital Group announced Clearlake completed its acquisition of AmQuip from a consortium of investors including Altpoint Capital Partners. Financial terms of the transaction were not disclosed.

Clearlake’s acquisition of AmQuip was supported by a financing consortium led by Wells Fargo Capital Finance as administrative agent and joint lead arranger, PNC Bank and CIT Bank as joint lead arrangers, and Capital One. AmQuip and the selling shareholder group were advised by Oppenheimer & Co. as lead financial advisor and by RBC Capital Markets.

“We are excited to partner with Clearlake, which boasts a successful track record of backing, supporting and growing companies that provide services to the energy and industrial end markets,” said Albert Bove, Chief Executive Officer of AmQuip. “Clearlake’s operational expertise and financial resources will help solidify AmQuip’s position as a leading North American lifting solutions provider.”

“AmQuip’s strong focus on safety, customer service, and attracting, developing, and retaining skilled employees has positioned it as a leader in the crane rental space” said José E. Feliciano, Founding Partner at Clearlake. He continued, “We are excited to partner with the Company’s outstanding executive and professional team to grow AmQuip as a platform for industry consolidation, both organically and through acquisitions.”

Trevose, PA-headquartered AmQuip is a provider of highly specialized, complex lifting solution.