Coast Crane Co. of Seattle filed for Chapter 11 bankruptcy on Sept. 21, but the company has a plan to sell to New York’s Clearlake Capital Group within 90 days. The agreement will give the private investment firm substantially all of Coast Crane’s assets, subject to an auction and Bankruptcy Court approval.
The crane, forklift and equipment company serves the construction industry on the West Coast and in Alaska, Hawaii and Guam. Products are rented and sold through from its network of 14 locations, serving approximately 3,000 customer accounts.