Steel River, an industrial services firm, has announced its acquisition of WHECO, a global crane and heavy equipment repair, restoration and inspection provider. Steel River works to protect American infrastructure by investing in skilled labor and growing local workforces.
This acquisition expands Steel River’s capabilities in its existing markets and brings additional technical expertise on board. With more than 60 team members, WHECO’s footprint largely overlaps with Steel River’s existing West Coast locations. The acquisition brings Steel River’s headcount to 250.
The deal also strengthens Steel River’s CraneTech division by expanding the company’s mobile crane and aerial work platform proficiency. It also allows the Steel River to add more facilities and manufacturing capabilities for critical equipment.
In addition to the acquisition, Steel River recently completed a significant funding round, securing permanent capital for fueling strategic acquisitions alongside its de novo growth strategy. As it expands its operations and workforce, Steel River aims to provide a positive customer experience for industrial services businesses.
