Clearlake Capital sells AmQuip Crane to Apollo Global

Apollo Global Management LLC has acquired AmQuip Crane Rental LLC from Clearlake Capital Group LP. Financial terms weren’t announced. Clearlake acquired AmQuip, which provides rental lifting services to North American energy, industrial and other markets, in October 2014. In connection with the acquisition, Apollo has simultaneously closed the acquisition of Maxim Crane Works LP and plans to combine Maxim Crane with AmQuip. Harris Williams & Co and Oppenheimer & Co Inc served as financial advisors to AmQuip and Clearlake. Stradling Yocca Carlson & Rauth and Cooley LLP served as legal advisors to AmQuip.

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