Pinnacle Cranes, a Link-Belt and Manitex dealer in North Carolina and South Carolina, has been purchased by Western Allegheny Capital LLC, and Tecum Equity, a Pittsburgh-based family office investment partnership.
Pinnacle Cranes was established in 2001 as a division of CTE (formerly Carolina Tractor and Equipment Co.), a provider of equipment, service, technology and rental services to the construction, power generation, material handling and warehouse solutions industries throughout North Carolina, South Carolina and other Southeast markets.
A comprehensive transition plan put in place by Pinnacle, CTE and Tecum will seek to ensure Pinnacle continues the highest level of customer and product support. A search is currently underway to locate a new headquarters to meet future market demands.
Western Allegheny Capital LLC, doing business as Tecum Equity Partners, is a private family office investment vehicle, advised by Tecum Capital Management. Tecum Equity focuses on making control equity investments in middle-market companies with EBITDA ranging from $2 million to $20 million.
