K&L Gates Advises Carousel Capital on Recapitalization of CraneWorks

Global law firm K&L Gates LLP represented Carousel Capital Partners, a private investment firm based in Charlotte, North Carolina, in the recapitalization of CraneWorks / RentalWorks (“CraneWorks”), a Birmingham, Alabama, headquartered provider of operated crane services, crane rental services, and other related equipment rental solutions.

The new partnership with CraneWorks provides the company with capital and strategic support to expand its fleet, deepen its service offerings, and reinforce the CraneWorks culture of quality and safety. It also continues Carousel Capital’s longstanding focus on partnering with founder-led businesses in the Southeastern United States.

Jason Schmidly, Managing Partner of Carousel, commented: “K&L Gates was a fantastic partner throughout this process. Their team brought sharp insight and steady guidance that helped us work through the details and get the deal done right. We made some important commitments to the CraneWorks owners, and with the support of the K&L Gates team, we were able to deliver on every one of them. We’re excited about what’s ahead for CraneWorks, and grateful for the support that helped make it happen.”

“We are thrilled for Carousel Capital as they look forward to a great partnership with the CraneWorks’ team,” said Britt Doolittle.  “We are grateful for the longstanding relationship with Carousel, and to have such a talented bench of colleagues across disciplines who enabled us to provide a successful outcome for our client.”

The K&L Gates team was led by Charlotte partners Britt Doolittle and Kevin Stichter with support from Charleston partner Jennifer Thiem, Charlotte partners Christine Hoke and Jared Mobley, Chicago partner Kate Starshak, Raleigh partners Stanford Baird and David Lindsay, San Francisco partner Rikki Sapolich-Krol, Seattle partner Jake Bernstein, Charlotte counsel Hillary Dawe, Charleston associates Claire Healy, Ryan DeSimone, and Paul Hotchkiss, Charlotte associates Dylan Blackburn, France Beard Johnson, Luke Kessel and Tyler Wyckoff, Chicago associate Aylissa Ritterhoff, Pittsburgh associate Samantha Beatty, Raleigh associates Ninamarie Moore and Caitlin Sarpal, and Seattle associate Jane Petoskey.

K&L Gates’ Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices across the globe, providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.