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April 24, 2017

Maxim pays $73M for Coast Crane

By JOURNAL STAFF

SEATTLE — Maxim Crane Works is buying Seattle-based Coast Crane Co. for $72.5 million, according to a news release issued last week by Maxim and Essex Rental Corp. Coast Crane is an indirect wholly-owned subsidiary of Essex.

Coast Crane was founded in 1970 and is one of the largest renters of bare cranes and lifts on the West Coast. Maxim said the acquisition allows it to expand in one of the nation's fastest growing markets.


 
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