Boxwood Partners Advises American Scale Company, a Portfolio Company of 12 South Capital Partners, on its Sale to American Equipment Holdings, a Portfolio Company of Rotunda Capital Partners

Strategic Guidance Leads to Successful Transaction as Boxwood Partners Continues Momentum in Industrial Products and Services Industry

JUPITER, FL / ACCESSWIRE / November 30, 2023 / Boxwood Partners is pleased to announce the sale of American Scale Company ("ASC"), a portfolio company of 12 South Capital Partners ("12SCP") and industry leader for industrial scale technologies, to American Equipment Holdings ("American Equipment"), a portfolio company of Rotunda Capital Partners and leader of overhead crane and hoist, weighing and measurement, and below-the-hook services and solutions throughout the United States.

Boxwood Partners' expertise in the industrial products and services industry has been further reinforced, cementing their status as the premier advisor in M&A advisory.

Boxwood Partners, a leading boutique middle-market investment bank based in Jupiter, FL, acted as the exclusive sell-side advisor to American Scale Company and American Equipment on the transaction. The transaction was led by Brian Alas, Managing Director, Robbie Nickle, Director, and Colby Carter, Associate.

"This partnership between ASC and American Equipment hits all the marks of a positive outcome," said Robbie Nickle, Director of Boxwood Partners. "The momentum is strong in the industrial products and services industry, and this particular transaction will help to accelerate growth and create a heightened quality of services delivered to customers going forward."

Founded in 1969 by Ken Zimmerman, American Equipment is a leading provider of mission-critical industrial solutions with 55+ facilities and 800+ employees throughout the country. American Equipment offers an extensive portfolio of services that has grown beyond its foundation in overhead crane engineering, assembly, installation, and service to now include extensive capabilities in industrial measurement and weighing and below-the-hook applications.

"American Scale Company has already experienced exceptional growth, and the support and resources under American Equipment will allow us to expand even further," said Chris Hartman, President of American Scale Company and Principal at 12SCP. "Boxwood's guidance and strong attention to detail played a pivotal role in ensuring the execution of this transaction."

Founded in 1999 and based in Charlotte, North Carolina, American Scale Company is a leader in industrial weighing technologies. Over the years, the company added Wilkinson Scale and Precision Scale to the organization. The combined company now serves North Carolina, South Carolina, Virginia, Tennessee, and Georgia.

Rotunda Capital Partners is an operationally oriented private equity firm that specializes in lower-middle market companies focused on value-added distribution; asset-light logistics; and industrial, business and residential services. The firm typically seeks to invest in private, family-founder owned businesses with enterprise values between $30 - $150 million.

"Chris and Matt were instrumental in the growth of American Scale, investing in key areas of the business to create a sustainable platform poised for additional growth," said Brian Alas, Managing Director of Boxwood Partners. "With the addition of ASC, American Equipment further diversifies its service offerings through the addition a niche, specialized subsector."

About Boxwood Partners

Boxwood Partners, LLC is a boutique investment bank based in Jupiter, Florida with offices in Richmond, Virginia. Boxwood Partners combines a unique blend of senior-level transaction advisory, business operating experience, and proven process execution skills to give its clients a distinct advantage in the market. The firm's extensive relationships within the global capital and buyer communities (including U.S. and international private equity groups, corporations, and lenders) and other important transaction-related service providers such as consultants, attorneys, and accountants, ensure that the firm's clients receive the attention, service, and results they deserve. For more information about Boxwood Partners, please visit www.boxwoodpartners.com.

About 12 South Capital Partners

12 South Capital Partners is a private investment partnership that seeks to invest in and grow existing privately held small businesses with revenue of $5 - $50 million. Areas of focus for 12SCP include services-related companies in the B2B & Industrial Industries with operations throughout the Southeastern United States.

About American Scale Company

American Scale Company was established in 1999 and is a leader in industrial weighing technologies. Based in Charlotte, North Carolina, the company grew over the years adding Wilkinson Scale and Precision Scale to the organization. The combined company now serves North Carolina, South Carolina, Virginia, Tennessee, and Georgia. With offices in Charlotte, Wilson, and Greensboro, North Carolina, and Florence, South Carolina, ASC supports its customers across a wide geographic region.

About American Equipment Holdings

American Equipment Holdings is an organization of leading overhead crane and hoist, weighing and measurement distributors, field service providers, and below-the-hook suppliers comprised of American Equipment, Allied Crane, American Scale Company, Ashley Sling, Eastern Crane & Hoist, Facilities Engineering, Kanawha Scales & Systems, Kistler Crane & Hoist, Memphis Weighing Group, Pacific Crane & Hoist, Patriot Crane & Hoist, Shannahan Crane & Hoist, Systems Specialties, and Washington Crane & Hoist. The consolidated entity is one of the largest independently owned overhead crane and hoist, weighing and measurement, and below-the-hook solution providers in the country, serving thousands of customers nationwide. Together, American Equipment Holdings companies provide comprehensive solutions for everything related to customers' overhead crane and hoist, rigging, and weighing and measurement needs, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated systems, system modernizations and training.

CONTACT:

Taylor Nortman
847-945-1300
tnortman@fishmanpr.com

SOURCE: Boxwood Partners