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Tecum Equity Acquires Pinnacle Cranes, a Charlotte-Based Crane Dealer

Pinnacle Cranes, a leading Link-Belt and Manitex dealer in North Carolina and South Carolina, has been purchased by Western Allegheny Capital LLC d/b/a Tecum Equity, a Pittsburgh, Pa.-based family office investment partnership, owned by Cliff Forrest.

Thu October 03, 2019
Pinnacle Cranes

Pinnacle Cranes, a leading Link-Belt and Manitex dealer in North Carolina and South Carolina, has been purchased by Western Allegheny Capital LLC d/b/a Tecum Equity, a Pittsburgh, Pa.-based family office investment partnership, owned by Cliff Forrest.

Pinnacle Cranes was established in 2001 as a division of CTE (formerly known as Carolina Tractor and Equipment Company), a leading provider of equipment, service, technology and rental solutions to the construction, power generation, material handling and warehouse solutions industries throughout North Carolina, South Carolina and other Southeast markets.

"The Pinnacle team looks forward to partnering with Rosebud and Tecum to continue the great growth journey we have experienced in our markets," said Jim Mackinson, CEO of Pinnacle Cranes. "We will continue to operate as Pinnacle Cranes out of our current service facilities in Charlotte and Raleigh to provide customers with the same exceptional quality and service they have come to expect from Pinnacle."

"We are excited to partner with the employees of Pinnacle to continue building on its success and key partnerships with Link-Belt and Manitex," added Cliff Forrest. "We are confident the culture of great customer service will continue, and we look forward to supporting Pinnacle's growth over the long-term."

A comprehensive transition plan put in place by Pinnacle, CTE and Tecum will guarantee Pinnacle continues the highest level of customer and product support, according to the companies. A search is currently underway to locate a new headquarters to meet future market demands.

All Pinnacle phone numbers will remain the same. Pinnacle's office has moved to a new building on the existing CTE campus located at 6605 West WT Harris Blvd, Suite C, Charlotte, N.C. 28269.

For more information, call 888/746-6222.

This story also appears on Construction Equipment Guide.



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