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Pittsburgh-based Maxim Crane Works Holdings Inc. has hired Goldman Sachs & Co., New York, to broker a potential sale or merger of the crane rental and lift engineering firm. Maxim emerged from bankruptcy last year after restructuring $700 million of debt. The crane rental market is now moving up because “peak crane demand historically trails that of the general construction equipment industry,” says Terry Growcock, CEO of The Manitowoc Co., Manitowoc, Wis., a large manufacturer of construction cranes. Maxim’s revenue grew 10% last year and another 21% in 2006’s first quarter. It is the third national rental firm put up for sale this year, following similar announcements from NES Rentals and Atlas Copco’s RSC division.
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