Atlas Crane
How a leading service provider is mobilizing more turbines through critical crane service repairs.
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Overview: Forbright was proud to lead financing for the acquisition of Atlas Cranes by a fund managed by Ares Infrastructure Opportunities. Atlas is one of the leading providers of services to wind energy companies, and the financing will help Atlas continue to grow and provide mission critical services like maintenance and repair to wind energy providers across the US.
The Approach:
- The organization retained an $80 million loan to expand their servicing towards wind farms and ensure additional capacity to support the quickly increasing sustainable wind energy farms throughout the United States.
Results:
- The recapitalized business has increased financing capacity and an ability to scale
- The business can now provide more maintenance & repairs to wind energy providers across the U.S.
Conclusion: Cranes that can install and repair wind turbines are scarce and highly valuable equipment, and they’re critical in transitioning to a cleaner economy. Moving forward, Atlas will continue to provide mission critical services to more wind energy turbines throughout the United States, ensuring even more renewable energy can be produced.
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