A large, defunct crane company is gearing up for a second act. Pompano Beach, Fla.-based General Crane USA’s liquidation plan received final court approval on Dec. 17.
Newly formed Allegiance Crane & Equipment LLC, Pompano Beach, Fla., paid $40 million for properties and equipment. The firm secured financial backing from Southlake, Texas-based Prophet Equity. General Crane managing partner James A. Robertson is now president of Allegiance Crane & Equipment.