Maxim Crane Works Holdings last week announced it has completed its analysis of strategic business alternatives and has determined that shareholder value can best be maximized in the future by continuing its focus on capturing incremental operating efficiencies, growing penetration in existing markets and evaluating potentially accretive acquisition opportunities.
Also, the board of directors has authorized management and Goldman, Sachs & Co., which assisted Maxim in the strategic analysis process, to develop a share-repurchase program for its common stock.
The company said it would announce details of the share-repurchase program in the near future.
Based in Bridgeville, Pa., Maxim Crane Works is the leading national full-service crane rental company in the United States, with 35 branches. The company is No. 8 on the RER 100.