Extreme Crane & Rigging, one of the fastest growing providers of crane and rigging services in the Mid-Atlantic is pleased to announce that Mollitiam Holdings has made a strategic investment in the company.
MANASSES, Va., Oct. 15, 2022 /PRNewswire-PRWeb/ -- Extreme Crane & Rigging, Inc. (Extreme Crane), one of the fastest growing providers of crane and rigging services in the Mid-Atlantic United States, is pleased to announce that Mollitiam Holdings (Mollitiam) has made a strategic investment in the company acquiring a majority ownership stake.
"The decision to recapitalize and partner with a new investor group follows a thorough review of options available to us to enhance our financial strength and ensure Extreme Crane's ability to continue to pursue our goal of becoming a leading provider of crane and rigging services in the Mid-Atlantic region of the United States," stated Kevin Rodney, CEO of Extreme Crane & Rigging.
"Kevin and his team have built a very successful business with a great reputation and we are excited to work with them to execute their growth plans," stated Larry Rovin, Managing Partner of Mollitiam. "We see Extreme Crane as the foundation upon which we will build a leading crane service company in the region. We intend to see this business grow and prosper as we add equipment, services, customers, and attract the highest quality employees."
About Mollitiam Holdings
Extreme Crane is Mollitam's third platform investment with previous investments in industrial services and waste management. Mollitiam Holdings, LLC is a newly-formed Florida based private equity group currently investing in lower to middle market opportunities within infrastructure construction, industrial services, logistics, transportation, and waste management. We believe these sectors are well positioned to benefit from pre-existing long-term macro commercial construction, civil construction, manufacturing, and infrastructure demand trends. Mollitiam partners with existing shareholders and management teams in either majority or minority investments and provides them access to capital and the management experience of their many partners and advisors.
Larry Rovin, Mollitiam Holdings, LLC, 1 4107452067, [email protected]
Chris Burke, Extreme Crane & Rigging, Inc., 7038566974, [email protected]
SOURCE Mollitiam Holdings, LLC