Audax Group has sold Coast Crane Company to Northwest Capital Appreciation

Lincoln International, a leading mid-market investment bank, today announced the sale of Coast Crane Company (“Coast Crane”), a portfolio company of Audax Group, to Northwest Capital Appreciation, Inc. Lincoln International acted as the exclusive financial advisor to Coast Crane in the transaction. Based in Seattle, Washington, Coast Crane is the market leader in renting, servicing and distributing cranes and other lifting equipment on the West Coast of the United States and in Western Canada. The company has the leading market position in the majority of its rental markets and is the authorized distributor and service provider in its territories for North America’s leading crane manufacturer, Manitowoc Crane Group, and its Grove, Manitowoc, National and Potain brands. The company’s primary end-markets are non-residential construction, infrastructure, power and energy and residential construction. Coast Crane’s annual revenues are in excess of $100 million.

“Lincoln proved to be a great partner for our team throughout the transaction,” said Dan Goodale, President and Chief Executive Officer, Coast Crane. “Their knowledge and advice helped us to navigate a complex sale process that resulted in a great outcome for the shareholders.” The Coast Crane transaction is the latest by Lincoln International’s Engineered and General Industrial Products Group, which has completed 42 transactions since the beginning of 2006.

About Audax Group

Audax Group, founded in 1999, is a leading investor in middle market companies. With offices in Boston and New York, Audax manages in excess of $2.5 billion in equity and mezzanine debt capital. For more information visit the Audax Group website

About Northwest Capital Appreciation

Northwest Capital Appreciation Inc., founded in 1992, is a private equity firm focused on investing capital in Northwest-based companies. Since its founding, Northwest Capital Appreciation has invested and committed over $200 million of equity capital in eleven investments. For more information visit

Audax Group has sold Coast Crane Company to Northwest Capital Appreciation Connect with a Senior Team Member

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