Grand Rapids Business Journal Courtesy Otsego Crane & Hoist
A pair of local attorneys have acquired an overhead material handling equipment company in Allegan County.
Otsego Crane & Hoist Company, based in Otsego, was recently acquired by two Grand Rapids-based intellectual property attorneys who wish to remain anonymous, according to Calder Capital, which served as the exclusive mergers and acquisitions adviser to Otsego Crane & Hoist in the transaction.
Terms of the deal were not disclosed.
Founded by Ron Hill in 1989, Otsego Crane & Hoist is a distributor, designer, fabricator and service provider of overhead material handling equipment to industrial customers across the U.S., primarily in Michigan. The company has six employees and sells complete bridge crane systems, powered and manual hoists, festoon systems, and other material handling equipment accessories and parts. Otsego also offers preventive maintenance, inspections, repairs, upgrades and more.