Maxim Crane Acquires Assets from Barnhart Crane & Rigging

Efforts to Grow and Expand the Business Continue with Support from Platinum
Equity

PITTSBURGH--(Business Wire)--
MAXIM CRANE WORKS, L.P. ("Maxim") today announced that it has acquired a fleet
of large crawler cranes and certain related assets from Barnhart Crane and
Rigging ("Barnhart") pursuant to an asset purchase agreement. Financial terms of
the transaction were not disclosed. Maxim is owned by Platinum Equity.

"Acquiring these assets further strengthens Maxim`s capabilities and adds to an
investment of over $60 million made in the last 18 months to expand our fleet of
230- to 300-ton sized crawlers," said Art Innamorato, Maxim`s Chief Executive
Officer. "The acquisition solidifies our position as the premier service
provider in this segment and demonstrates Maxim and Platinum Equity's commitment
to growth."

Barnhart President Alan Barnhart praised Platinum and Maxim as good partners.

"It`s obvious Platinum Equity is taking a long-term, hands-on approach to
helping Maxim grow the business and fortify its position," explained Mr.
Barnhart. "They are very capable business people with a good sense about the
industry."

Mr. Barnhart said that selling the assets to Maxim "completes the fleet
alignment following our 2008 acquisition of SG Marino Crane Service
Corporation."

Louis Samson, the Platinum Equity principal who led the firm`s acquisition of
Maxim in 2008 and has been working with Maxim on its mergers and acquisitions
strategy, said today`s announcement "represents another step forward in Platinum
Equity's strategy to support Maxim's acquisition program and play a leading role
in the consolidation of the industry."

Mr. Samson said the transaction also strengthened Maxim`s relationship with
Barnhart, "an organization for which we have the utmost respect."

"We tailored the transaction to meet Barnhart's plan and concentrated on certain
asset and tonnage classes in which Maxim is focused on growing quickly," Mr.
Samson said. "I would not be surprised to see us pursue other similarly
structured transactions in the future."

About Maxim Crane:

Maxim Crane, the nation's leading coast- to-coast, full-service crane rental and
lift service company, currently operates over 35 branch offices across the
United States. Maxim Crane specializes in the provision of cranes services,
cranes and other ancillary equipment. With Maxim's expansive resource network,
each branch has the capability to provide management, rigging engineering and
outsourcing, making Maxim Crane's product and service offerings the most
comprehensive in the industry. More information about Maxim Crane can be found
on the company's website at www.maximcrane.com.

About Barnhart Crane and Rigging:

Barnhart Crane and Rigging, established in 1969, is a leading national supplier
of lifting and transportation solutions. The company, with 20 branches across
the United State, also provides logistics, machinery moving and plant
relocations. Barnhart Crane and Rigging is an ISO 9001-2000 certified company.
More information about Barnhart Crane and Rigging can be found on the company's
website at www.barnhartcrane.com.

About Platinum Equity:

Platinum Equity (www.platinumequity.com) is a global M&A&O firm specializing in
the merger, acquisition and operation of companies that provide services and
solutions to customers in a broad range of business markets, including
information technology, telecommunications, logistics, metals services,
manufacturing and distribution. Since its founding in 1995 by Tom Gores,
Platinum Equity has completed nearly 100 acquisitions with more than $27.5
billion in aggregate annual revenue at the time of acquisition.

Maxim Crane
Joe Vaccarello, 412-504-0200

Copyright Business Wire 2009