16.03.2007

Amquip Buys Shaughnessy

Amquip says that it has acquired Shaughnessy cranes services the Boston based crane and powered access rental company from NES (National Equipment Services) which has owned Shaughnessy since the late 1990’s

Shaughnessy/AmQuip will offer a complete line of cranes throughout the New England region, including rough terrain, all terrain, crawler and
tower cranes, ranging from six to 600 ton capacity.

The Shaughnessy division of Amquip will retain its headquarters in its current Boston location

NES was acquired last year by private equity company Diamond Castle Holdings and is apparently investigation a flotation.

"Shaughnessy Crane is one of the most established and respected names in the crane rental industry," said Frank G. Bardonaro, general manager of AmQuip Corporation.

"The combination of AmQuip Corporation and Shaughnessy
Crane will provide the most modern, safe and state-of-the-art line of crane rental equipment in the New England region."

Joseph L. Wesley, owner of AmQuip Corporation, added, "Shaughnessy Crane and the Shaughnessy family have been leaders in our industry for generations. All of us at AmQuip are honored to welcome this incredible organization, comprised of the best operators and crane professionals in the New England region."

"AmQuip and Shaughnessy are a perfect match, and this combination
creates a one-stop shop for our New England customers," said Harry "Spunk" Milligan, vice president of Shaughnessy/AmQuip. "We can now offer our customers a local team of crane experts and locally-based "taxi cranes," as well as rough terrain, crawler and tower cranes throughout the region."