Althoff Crane Service, Inc. and Buffalo Ridge Transport Inc. Acquired by Centurion Group, A Portfolio Company of SCF Partners

We are pleased to announce the sale of our client, Althoff Crane Service, Inc., and Buffalo Ridge Transport Inc. (together, “Althoff”) to Centurion Group, a Portfolio Company of SCF Partners. The acquisition closed October 29, 2024

Althoff is a Minnesota-based crane rental company delivering heavy lifting solutions to onshore windfarm projects across the US Midwest. With cranes ranging from 50T to 715T, Althoff’s best-in-class wind turbine repair and maintenance services increases Centurion’s renewables capabilities in the US onshore wind market.

Based in Houston, Texas, SCF Partners, is a global private equity firm that provides equity capital and strategic growth support to develop leading energy services and equipment companies worldwide. Since its founding in 1989, SCF has partnered with entrepreneurs worldwide to drive the growth and success of energy businesses. The firm has established over 60 platform companies and completed more than 290 growth acquisitions through strategic collaborations. With a focus on innovation and operational excellence, SCF has played a transformative role in shaping the future of the global energy industry.

Centurion Group, headquartered in Aberdeen, Scotland, UK, is a global leader in the supply of rentals and services to a range of critical industries, for complex, challenging and remote locations. It combines the scale and the breadth of offerings in five main regions: the US, Canada, UK & Europe, Middle East & North Africa, and Asia Pacific, with strong local presence in key energy markets to deliver value to customers around the world.

Generational Group Executive Managing Director, M&A – Michael Goss, and his team led by Senior Vice President, M&A, Jon LePage, with the support of Vice President, M&A, Lance Thomasson, successfully closed the deal. Senior Managing Director, Ashok Tandon, and Senior M&A Advisor, Dr. Michael Lorence, established the initial relationship with Althoff Crane Service, Inc.

“Althoff is one of the leading experts in the US wind power industry and a truly special organization. Centurion and Althoff have a shared excitement in future growth which made this partnership perfect from the beginning. Centurion and SCF Partners are building a special platform, and this acquisition is another big win,” said LePage.

Ryan Binkley, CEO of Generational Group, added, “At Generational Group, we are proud to facilitate such impactful transactions.”