A fund managed by Ares Management’s infrastructure opportunities strategy has acquired a controlling stake in Atlas Crane Service, a full-service crane rental company that primarily serves the wind industry.
Based in Illinois, Atlas offers turnkey maintenance, repair and overhaul solutions to more than 250 customers. The company’s fleet of cranes provides mission-critical maintenance and repair services for wind turbines.
Prior to its acquisition by an Ares Management fund, Atlas was founder-owned and operated for more than 13 years. Following the transaction, Atlas’s executive management team, which is led by CEO Zach Prentis, will continue to guide the company with an emphasis on growth and geographic expansion, a focus on delivering premier services, and a dedication to safety.
“The investment by Ares marks an exciting next chapter for Atlas, our employees and our customers as we seek to accelerate the growth of our business and capabilities,” said