Allegiance Crane, Prophet Equity Complete General Crane Purchase

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Allegiance Crane & Equipment and Prophet Equity have completed the purchase of the assets of General Crane USA, whose liquidation plan has received final court approval.

Retaining more than 100 employees of General Crane USA, Florida-based Allegiance Crane & Equipment is expanding its workforce, with many projects under way or in the pipeline, according to the company.

The partnership with Prophet Equity will help expand Allegiance Crane & Equipment's multistate capabilities and enable it to compete for projects that require the stringent qualifications, according to the company.

SOURCE: Allegiance Crane & Equipment

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