NEWS/PRESS

June 01, 2006
AmQuip/Elliott Alliance

Elliott Crane Rental of Nashville, TN and AmQuip "The Crane People" headquartered near Philadelphia, PA have formed the Elliott/AmQuip Crane rental team in the Tennessee Valley Region. Bud and Clark Elliott have established Elliott Crane as the Leading crane rental company in the Tennessee Valley for over 40 years. With the newly formed partnership of Elliott Crane and AmQuip "The Crane People" the new alliance will provide the crane rental customers the most complete line of cranes and product support available in the region. The partnership combines Elliott (ranked # 20 in the USA on the* IC50 index) and AmQuip (ranked #5 in the USA and 10th in the world on the IC50 index) to form the 9th largest crane rental company in the World, based on the IC50 rankings.

Elliott Crane Rental has one of the most complete inventories of hydraulic and conventional cranes in the region. By joining forces with AmQuip, Elliott/AmQuip now offers its customers the ability to be a complete One-Stop-Shop. This includes a complete line of hammer-head and luffing tower cranes, rough terrains, large crawler cranes, hydraulic truck cranes, and all-terrain cranes up to 550 ton.

"After expanding into the tower crane market and opening offices in Cincinnati, Ohio and Birmingham Alabama, we have been looking for the perfect match to tie in the two regions" said Joseph L. Wesley. He and Bud Elliott knew right away that the Elliott/AmQuip partnership was the perfect "marriage". "AmQuip is the perfect fit of quality equipment, people, and reputation", said Bud Elliott, owner of Elliott Crane. "We believe this partnership will allow Elliott Crane and AmQuip to continue to succeed as the best crane rental company in the region and offer all of the employees an opportunity to grow for generations to come. AmQuip and Elliott are both family owned businesses who put the employees first. That is the reason we chose to form the relationship with AmQuip and Joseph L. Wesley, Sr," stated Mr. Elliott.

Clark Elliott will lead the partnership as the Regional Vice President. "I think the Elliott/AmQuip partnership is the most exciting development in the crane rental industry I've ever seen. It allows two family oriented businesses to continue to grow and offer the employees and customers the most extensive services available. This partnership will allow Elliott/AmQuip to help shape the skylines in the Ohio and Tennessee valley for years to come", stated Clark.

"This is the best team of crane rental companies that could ever have been assembled in the region", said Frank Bardonaro, General Manager of AmQuip "The Crane People". "Mr. Wesley and Bud Elliott have put Elliott/AmQuip in a position to combine two of the most successful family owned businesses in the crane rental industry. This partnership is certain to provide the employees and customers benefits that no other crane rental company will be able to surpass. We are excited to continue to expand into these markets with a group of people who have the same values, work ethic, and expectations that we share. This relationship will allow Elliott/AmQuip to offer its current customers additional products, and opens up the door to future growth and expansion in nearby states," stated Mr. Bardonaro.

"Elliott/AmQuip is the perfect team for offering our Tower Crane customers the safest and most productive fleet in the region," said Dennis Bates, VP of the Tower Division. "We are currently servicing our Atlanta customers and Nashville customers out of the Birmingham office. The partnership with Elliott/AmQuip will help strengthen our localized customer support and customer service network in the Tennessee and Georgia region and increase our ability to provide our customers with the best service and support in the industry," said Mr. Bates.

*IC 50 is the ranking established by International Cranes magazine that ranks the world’s largest crane owning companies. This is the current listing based on 2006 rankings.

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