Hyde Park Capital Announces Acquisition Of Tampa Crane & Body By Industrial Truck & Equipment
Tampa, Florida - March 10, 2019 - Hyde Park Capital Advisors, LLC (“Hyde Park Capital”) is pleased to announce the recent acquisition of Tampa Crane & Body, Inc. (“Tampa Crane”), a Florida-based heavy truck equipment supplier and Heil truck and parts dealership, by Industrial Truck & Equipment, LLC (“ITE”), a national refuse and heavy truck dealership network company. Hyde Park Capital served as the exclusive investment banker to ITE for this transaction.
ITE commented, “We very much appreciate the assistance of Hyde Park Capital on this strategic acquisition for ITE. Their M&A experience was quite helpful to our team and the overall process and assured the deal was well executed and we got it closed on schedule.”
“We are pleased to have represented ITE on the buy-side and to have worked with the ITE team on this important transaction,” said John Hill, Jr., a Senior Managing Director with Hyde Park Capital. “Tampa Crane presents an excellent fit with ITE and its vision of building a leading national commercial heavy truck dealership network.”
About Tampa Crane
Founded in 1996, Tampa Crane & Body has quickly become a premier truck equipment supplier in central Florida. The company represents many top product lines of truck mounted cranes, truck bodies, refuse equipment and other truck equipment products, and its services include welding and fabrication, hydraulic and electrical repair, paint and body repair, and sandblasting. For more information, please visit www.tampacrane.com.
Founded in 2017, ITE specializes in selling new, used and quality trucks, roll-off trucks and crane trucks. The company also stocks dump trucks, water trucks, concrete mixer trucks, as well as other types of trucks. In addition, ITE buys trucks and offers service and repair work, and appraisals.
About Hyde Park Capital
Hyde Park Capital is an institutionally focused investment banking firm specializing in mergers and acquisitions and serving the corporate finance needs of middle market public and private companies. Our principals have extensive investment banking experience executing merger & acquisition engagements, including purchase and sale of company assignments, recapitalizations, financial advisory, fairness opinions and raising growth capital and acquisition financing for companies, including equity, mezzanine and senior debt. Hyde Park Capital is headquartered in Tampa, Florida and is a member of FINRA and SIPC. For additional information on Hyde Park Capital, visit www.hydeparkcapital.com.