AmQuip/Maxim combination gets debt financing commitment from four banks

By Angela McDaniels

Tacoma, Wash., May 2 – The planned combination of AmQuip Crane Rental and Maxim Crane Works, LP will be funded with debt financing from JPMorgan Chase Bank NA, Wells Fargo, Barclays and Jefferies Finance LLC, according to a news release.

On Monday, Apollo Global Management, LLC announced that it signed definitive agreements to acquire AmQuip from Clearlake Capital Group, LP and Maxim from Platinum Equity and that it will then combine them.

The financial terms of the transactions were not disclosed.

The proposed transactions are subject to regulatory approval and customary closing conditions.

AmQuip and Maxim provide lifting services and are based in Trevose, Pa., and Bridgeville, Pa., respectively.

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