[INDUSTRY NEWS]
aerospace, military, construction, crane and hoist industries since 1971. ASPI President, Attila Nagy, commented on receiving the award, “The achievement is a testament to hard work, commitment, and the dream to succeed. Don’t be afraid to invest in your staff and equipment. Early on we committed to a comprehensive ERP system and upgraded to the latest computer controlled machining centers.” Attily continued to say, “Complimented with a highly trained staff, ASPI can efficiently meet demanding production schedules with superior quality and profitability. In addition to producing standard wire rope components and OEM parts, we find that there are rigging and wire rope fab shops that are unable to design and manufacture specialty fittings and assemblies, causing them to pass up profitable sales opportunities. We consider ourselves the manufacturer’s manufacturer. If it gets swaged onto a wire rope, we can make it.” The Weatherhead 100 was crafted
in 1987 when Managing Partner of Morganthaler Partners, Bob Pavey, first noted that Northeast Ohio needed a venue to properly acknowledge, support and praise companies that were the fastest growing in
the region. Pavey suggested that Enterprise Development, Inc., the former not-for- profit subsidiary of Case Western Reserve University, not only identify, but bestow a genuine sense of honor upon the fastest growing companies in Northeast Ohio. Since 2004, the Weatherhead 100 is compiled and managed by the Council of Smaller Enterprises (COSE). ❙
Barnhart Agrees to Purchase Steel City Crane
> Barnhart and Steel City Crane of Birmingham, Alabama have reached a definitive agreement under which Barnhart will purchase the assets of Steel City. For over 50 years, Steel City Crane has offered operated crane service to industrial clients in the Southeastern United States with offices in Alabama and Mississippi. Currently, Barnhart has 25 branches nationwide, and has one of the nation’s largest equipment inventories including electronic steer Goldhofer trailers, cranes to 1,760 tons, sliding systems, strand jacks, and the Modular Lift Tower system. The purchase will expand Barnhart’s ability to serve heavy
industrial customers in the coastal regions of Alabama and Mississippi. Steel City’s crane inventory will be maintained and managed by Barnhart’s branch in Mobile, Alabama. Arlington Capital Advisors counseled and assisted Steel City in the acquisition process. “Steel City is a great company with a
strong history. This move is a very positive change for everyone involved.” said Alan Barnhart, CEO of Barnhart. “For years Steel City has built a good reputation by providing lifting solutions to heavy industrial customers such as process plants, refineries, and power plants – especially during outages and shutdowns. This acquisition will allow Barnhart to continue to serve those same customers while offering a broader range of services that should help customers lower a project’s overall costs. We think our industrial customers along the Gulf Coast Region will be very pleased with the expansion of services this acquisition allows.” Established in 1969, Barnhart Crane
and Rigging is headquartered in Memphis Tennessee and is a leading national supplier of heavy lifting and transportation solutions. For more information please go to
www.barnhartcrane.com. ❙
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