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Turnspire buys Crane Carrier from Hines

Special situations-focused private equity firm Turnspire Capital Partners LLC purchased New Philadelphia, Ohio-headquartered Crane Carrier Co. from Hines Corp.

The target company designs, manufactures and sells heavy-duty truck chassis, complete vehicles and aftermarket parts for specialty markets.

Crane Carrier President and CEO Randy Rollins will continue in his role.

Chapman & Cutler LLP served as legal adviser to Turnspire.