crane rentals/leasing, sales, parts and service

$75M Revenue

Company Overview

The Company is the largest crane company located in the Midwest and rents and leases 6 ton to 550-ton cranes to construction contractors and petrochemical and industrial companies.

Engagement Overview

The Company retained Fort Dearborn to review operations, prepare financial forecasts, identify and implement profit improvement initiatives, and secure new financing.

With Fort Dearborn’s assistance, the Company successfully:

–Extended the line-of-credit facility with its former lender;

–Increased the line-of-credit facility with its former lender by $6 million;

–Improved timeliness of financial reporting;

–Improved equipment utilization;

–Prepared due diligence documentation, as required, to extend its line-of-credit facility with its former lender and the new lender; and

–Executed a Revolving Credit Facility with a new lender.

The new financing structure for the Company provided immediate, and much needed, liquidity due to the Company’s continued growth. 

Fort Dearborn’s industry expertise in the equipment rental sector, and experience with the credit markets, enabled the transaction to be completed expeditiously and on favorable terms.


Secured a $65 million credit facility for the Company, which provided $3 million of additional availability.

The Company’s improved financing structure provided more than $1 million in annual savings.

FDP News

Oct - 22

Alice Chan joins Fort Dearborn Partners

Fort Dearborn Partners is pleased to announce that Alice Chan has joined our firm as a Director.

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Sep - 22

Bears Win Season Opener!

Not even the worst flooding in 2 years could stop the Bears from winning their season opener.

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Jun - 22

Fort Dearborn advises HF Foods Group, Inc. - Sealand Food, Inc.

Fort Dearborn Partners (FDP) is pleased to announce we served as sole financial advisor to HF Foods Group, Inc. (NASDAQ:HFFG) in its transaction with Sealand Food, Inc.

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