About Axis Crane


Axis Crane is one of the largest and most well-established operated crane and rigging companies in the Northwest United States. For over 10 years, Axis has been providing Northwest contractors, government entities and blue chip customers with one of the largest crane fleets in the Northwest. Axis specializes in crane rental, rigging, pile driving and heavy hauling to service complete industrial maintenance and contracting needs. The Company is headquartered near Portland, Oregon.

axiscrane.com

Investment Overview


  • Through its presence in Portland, Oregon and significant experience in the crane industry, Westward identified an opportunity to partner with Axis
  • Provided an avenue to transition ownership to current management team and put in place a capital structure to accommodate growth in fleet
  • Strategy to expand upon one of the largest crane fleets in the Northwest to grow revenue and profitability

Outcome


  • Closed May 2013
  • President, Travis Wilt, and Vice President, Alex Clark continue to lead the Company and have a significant stake in the business
  • Expanding equipment base and team to realize the substantial growth opportunities available in the Northwest market