Crane 1 Services Buys Absolute Crane Service

Crane 1 Services has acquired Absolute Crane Service Inc., a provider of overhead crane services and equipment. Headquartered in Houston, Texas, Absolute offers a broad portfolio of critical services including inspections, maintenance, repair, design, and installation of new and refurbished equipment and parts for overhead cranes. 

A festoonless crane built by Absolute Crane.

Absolute has been in business for over 20 years and expands Crane 1‘s market reach into the fourth largest city in the United States, which is also known as “the crane capital of the world”.

“We are thrilled to add Absolute Crane to the Crane 1 family as it represents our first entrance into the rapidly growing Texas market,” said Bob Vevoda, president and CEO of Crane 1. “We plan to leverage the principles of high quality service, timeliness and integrity that have made Absolute so successful to date to continue our aggressive expansion throughout the rest of Texas and the Gulf Coast.”

A festoonless crane built by Absolute Crane.

Under the leadership and previous ownership of Mark Lupo, who will remain with Crane 1 as the division manager of our new Houston location, Absolute boasted a talented and experienced team of managers, technicians and administrative staff. They have strong service partnerships with numerous industrial facilities in the Houston area and provide the same quality of safety inspection, maintenance and repair offerings as Crane 1. 

Crane 1 will provide financial and operational resources to help accelerate Absolute’s capabilities and growth within the Houston market and plan further expansion in the state of Texas. This acquisition is consistent with Pfingsten Partners, a private equity sponsor’s commitment to providing capital support to allow for geographic expansion within the crane and hoist industry.

Mark Lupo former president of Absolute Crane with Deanna Nesbit, HR director at Crane 1.

Crane 1’s corporate office is located in Miamisburg, Ohio, and there are 18 operating units located throughout Ohio, Indiana, West Virginia, Kentucky, Tennessee, Georgia, Virginia, Maryland, and Texas.