Crane rental company bought by investment group

AURORA - Atlas Crane Service LLC, a crane rental company that primarily serves the wind turbine industry, Tuesday said a fund managed by Ares Management Corp. has acquired a controlling interest in the company.

Financial terms of the acquisition were not disclosed.

Founded in 2009 and headquartered in Aurora, Atlas is a full-service crane rental provider offering turnkey maintenance, repair and overhaul solutions to over 250 customers. The company's fleet of cranes provides access for critical maintenance and repair services on wind turbines.

Atlas' executive management team, led by Zach Prentis, chief executive officer, will continue to guide the company with an emphasis on growth, geographic expansion and a continued focus on delivering premier services and a dedication to safety.

"The investment by Ares marks an exciting next chapter for Atlas, our employees and our customers as we seek to accelerate the growth of our business and capabilities," Prentis said.

Ares Management Corp. is based in Los Angeles.

"Ares brings meaningful resources and deep experience in the renewables industry, which we believe will support our strategic expansion in the growing wind sector," Prentis said.