INVESTOR LOGIN OVERVIEW INVESTMENT STRATEGY TEAM EXECUTIVE IN RESIDENCE OPERATOR NETWORK PORTFOLIO NEWS CONTACT Turnspire Capital Partners Acquires Crane Carrier Company New York, NY – Turnspire Capital Partners LLC (“Turnspire”), a special situations-focused private equity firm, announced today that it has created a new company, Crane Carrier Holdings, LLC (together with subsidiaries, “Crane Carrier” or the “Company”) to acquire the specialty vehicle group of Hines Corporation, which designs, manufactures and sells heavy-duty truck chassis, complete vehicles and aftermarket parts for specialty markets. Headquartered in New Philadelphia, Ohio, Crane Carrier produces some of the most elite specialty trucks on the road today under three brands: the namesake Crane Carrier Company (truck chassis), Crane Carrier Company Engineered Chassis and CyKlone® Mixers with Kimble Technology. Turnspire Managing Partner Ilya Koffman said, “We are thrilled to acquire Crane Carrier, which is an ideal fit with our operationally focused investment strategy. The Company capitalized on its strong brands and customer relationships to grow its refuse and specialty truck business as a non-core division of Hines Corporation. As an independent company under Turnspire’s ownership and led by its talented management team, Crane Carrier can build upon its foundation to achieve operational excellence and sustainable growth.” Crane Carrier will continue to be led by President and CEO Randy Rollins. Mr. Rollins and other members of the management team partnered with Turnspire on the acquisition and will hold meaningful ownership stakes in the Company. In addition, Jim Marcotuli (Marco) and Scott Thompson have joined Crane Carrier’s Board of Managers. Messrs. Marcotuli and Thompson are accomplished executives with significant relevant experience in specialty vehicles and the refuse end-market, and deep industry networks. “We are excited to embark on the next chapter of Crane Carrier’s growth as an independent company,” said Mr. Rollins. “In Turnspire, we have a financial partner with whom we share the same vision, the same drive to excel and the same values. With the benefit of Turnspire’s operational and strategic resources, including Marco’s and Scott’s experience and relationships, Crane Carrier is now even better positioned to take advantage of the growth opportunities in the refuse and specialty truck markets.” Chapman & Cutler LLP served as legal counsel to Turnspire on the Crane Carrier investment. About Turnspire Capital Partners Turnspire Capital Partners invests in high-quality businesses that have reached strategic, financial or operational inflection points and stand to benefit from our hands-on, operationally focused approach. Turnspire’s investment philosophy is predicated on creating value through operational improvements rather than through financial leverage. Turnspire strives to make each of its companies best-in-class in their respective industry niche, and then to grow the businesses through organic initiatives or strategic acquisitions. For additional information, please visit www.turnspirecap.com. CONTACT: Mark Semer Kekst CNC 212-521-4802 Recent News Turnspire Capital Partners Completes Acquisition of Spectra Premium Turnspire Capital Partners To Acquire Spectra Premium Industries Turnspire Completes Acquisition of the Daniel Measurement and Control Business of EMerson electric Turnspire Announces Successful Recapitalization of UPG Archive November 2021 (1) 1 post September 2021 (2) 2 posts July 2021 (3) 3 posts March 2021 (1) 1 post November 2020 (1) 1 post August 2020 (1) 1 post January 2020 (1) 1 post November 2019 (1) 1 post September 2019 (1) 1 post January 2019 (1) 1 post September 2018 (1) 1 post August 2018 (1) 1 post April 2018 (1) 1 post November 2017 (1) 1 post February 2017 (1) 1 post July 2016 (1) 1 post June 2016 (1) 1 post December 2014 (1) 1 post July 2014 (1) 1 post 575 Madison Ave | Suite 1006, New York, NY 10022 info@turnspirecap.com | 212-605-0271 © 2021 Turnspire Capital Partners. Print Firm Overview