Turnspire Capital Partners Sells Crane Carrier Company To Battle Motors

New York, NY – Turnspire Capital Partners LLC (“Turnspire”) announced that an affiliate has sold its portfolio company Crane Carrier Company, LLC (“Crane Carrier”) to Battle Motors, Inc. (“Battle Motors”). Terms of the transaction were not disclosed.

Crane Carrier Company is a leader in the vocational truck industry, providing custom, severe‐service chassis and purpose-built vehicles for the refuse and recycling, infrastructure maintenance, ground support, multi‐stop distribution, agriculture, and oil and gas markets under the Crane Carrier Company and Crane Carrier Company Engineered Chassis brands.

An affiliate of Turnspire acquired Crane Carrier from Hines Corporation in December 2018. During its ownership, Turnspire worked with management to launch Crane Carrier as an independent company, divest the non-core mixer division, introduce new refuse and custom chassis products to the marketplace, win significant new business and position Crane Carrier as a strategic acquisition target in the rapidly evolving electric vehicle truck segment.

“We are thrilled with the outcome of our Crane Carrier investment, which serves as a validation of our investment strategy,” said Ilya Koffman, Managing Partner of Turnspire. “The business is well positioned