FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Siemens Finances $4.3MM Crawler Crane for Mountain Crane

August 06, 2013, 07:02 AM
Filed Under: Construction

The Commercial Finance Americas team of Siemens Financial Services, Inc. (SFS) has recently completed a $4.35 million financing package with Mountain Crane Service to support its acquisition of a Liebherr LR 1600-2 crawler crane. Family-owned Mountain Crane Service is Utah’s largest crane company, with a fleet of over 75 pieces of equipment.

“SFS consistently acts as our go-to financing expert, providing guidance when we need to acquire new capital equipment,” Paul Belcher, co-owner of Mountain Crane Service said. “Their support has been an invaluable resource for our team.”

“This was a significant transaction for Siemens, establishing us as one of the primary vendors for the financing of Mountain Crane Service’s equipment,” said Gary Amos, Head of the Commercial Finance Americas team at SFS. “By demonstrating SFS’ ability to successfully close the transaction, we have been able to further our relationship with both Mountain Crane Service and Liebherr.”

Mountain Crane Service will use the crane in support of newly awarded contracts with Siemens Energy, Inc.’s wind power service business. Under the contracts, the company will provide service and maintenance support for Siemens wind turbines in several states that are either under warranty or long-term service programs with Siemens.

“This transaction represents a solid collaborative effort between Siemens Energy, SFS and Liebherr to benefit our customer,” said Mr. Amos. “Our team worked directly with Siemens Energy to understand and evaluate the deal from a risk perspective. The result was a win-win for all parties involved.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.