DEVELON: Doosan Rebrands Business, Continues to Innovate, Provide Solutions American Equipment Expands Its Offerings WithShannahanCrane

American Equipment Holdings, a Rotunda Capital Partners portfolio company, has acquired Shannahan Crane & Hoist, a provider of engineered overhead crane systems and maintenance, repair and overhaul (MRO) field services.

Shannahan Crane is headquartered in St. Louis, Mo., with an additional field office in Kansas City, Kan. The acquisition of Shannahan Crane marks the 14th add-on acquisition completed by American Equipment since partnering with Rotunda in May 2021.

The familiar brand of orange construction equipment known as Doosan will now be called DEVELON throughout the world.

Under the new brand name, the company will continue providing innovative products and solutions that exceed expectations, further cementing its status as a global leader in construction equipment and solutions for the infrastructure industry, the manufacturer said.

Work began to identify a new brand name to replace Doosan following the August 2021 sale of Doosan Infracore to HD Hyundai (formerly Hyundai Heavy Industries Holdings Co. HHIH). The name DEVELON was chosen to convey the company’s drive to develop onward to bring innovative solutions to the construction equipment industry through technological transformation and the development of exceptional equipment and services.

“We believe the new DEVELON brand will help us build on the success we’ve had in North America over the past 30 years and throughout the world for more than 80 years,” said Todd Roecker, vice president of growth initiatives.

DEVELON will continue to focus on manufacturing construction equipment to build critical infrastructure for the betterment of communities and societies in North America and beyond. DEVELON products and services will help customers and partners become industry leaders in construction, logging, recycling, mining, rental and agriculture. Efforts also will be placed on advancing sustainable development through alternative energy sources of power for construction equipment.

New Brand to Debut at ConExpo

The announcement is the first of many in a series of steps to launch the new brand. Visitors to ConExpoCon/AGG in March will see the next phase of the launch with newly branded construction equipment in the outdoor DEVELON exhibit. This will include the latest developments in the Concept-X autonomous equipment solution and live demonstrations at the outdoor exhibition in the Festival Grounds lot (F9153).

“Our commitment to the construction equipment industry and advancing new technologies has never been stronger than it is today,” said Roecker. “DEVELON anticipates changes in the industry and prepares solutions to address these challenges. This is evident by our ongoing development of the world’s first autonomous jobsite solution — Concept-X — and the work we are doing with alternative energy sources like electricity and battery packs for our mini excavators.”

After ConExpo, continued efforts will be made to advance the brand at thelocaldealerlevelthroughupdatesto signage and machine decals. Customers are likely to begin to see newly branded machines at their local DEVELON dealerships and on job sites as early as the end of Q2 2023.

Dedication to North America

In North America, DEVELON will continue supporting its more than 180 dealer locations in the United States and Canada. DEVELON North American operations will remain headquartered near Atlanta, in Suwanee, Ga., where the company continues to a training center for dealership service technicians.

The company will maintain exceptional parts availability through its two regional parts distribution centers: one in Atlanta and a second in the Pacific Northwest. A customization plant in Savannah, Ga., will still play a key role in supplying machines to DEVELON dealers and customers: getting products into the hands of customers faster, with the configurations they need for their applications.

“Our dealers and customers should expect the same strong support from DEVELON in the future,” said Roecker. “We are committed to the long-termsuccessofthenewbrandand ensuring our customers have the support they need to be successful.

DEVELON makes best-in-class equipment, excelling in performance, durability and reliability. That commitment will remain constant.”

DEVELON will continue as a subsidiary in the Hyundai Genuine group alongside Hyundai Construction Equipment (HCE). These two subsidiaries will remain independent construction equipment companies under HD Hyundai. Together, the two brands will position Hyundai Genuine as a global top-5 player in the construction equipment industry.

“We’ve grown our construction equipment offering in North America with our line of mini excavators and most recently the addition of dozers,” said Roecker. “These product expansions represent our goal of providing a full line of equipment for our dealers and our customers. We believe that this demonstratesourcommitmenttoNorth America, and we look forward to continued growth here for many years to come.”

Founded in 1961, Shannahan Crane delivers comprehensive overhead crane and hoist solutions to a loyal customer base, including regional and blue-chip companies, covering an array of strategic end markets. Shannahan Crane’s material handling solutions include an extensive set of turnkey engineering, installation, and service offerings that effectively guide customers through the entire lifecycle of their assets, the company said.

“Wecouldn’tbehappiertohaveShannahanCranejointhe American Equipment family. We now have a physical presence in 45 cities throughout the United States,” said American Equipment CEO Adam Zimmerman. “This vast network brings us closer to more customers than ever before and I’m excited to take advantage of the many collaboration opportunities that await us.”

“We are very proud of what Shannahan Crane has been able to accomplish over the last 60 years and we look forward to writing the next chapter of our story with American Equipment,” said Bill Shannahan, owner of Shannahan Crane. “This partnership will bring many opportunities for growth and improvement that I cannot wait to begin sharing with both our customers and our employees.”

“I have thoroughly enjoyed getting to know Bill and the Shannahan team.They have built a wonderful company with a strong work ethic and fantastic culture,” said American Equipment President and COO Troy Vellinga. “I look forward to bringing our teams together so we can begin leveraging the expertise and capabilities of these great organizations.”

About American Equipment Holdings

American Equipment Holdings is an organization of overhead crane and hoist, weighing and measurement distributors and field service providers, including American Equipment, Allied Crane, Eastern Crane & Hoist, Facilities Engineering, Kanawha Scales & Systems, Kistler Crane & Hoist, Pacific Crane & Hoist, Patriot Crane & Hoist, Shannahan Crane & Hoist, Systems Specialties and Washington Crane & Hoist.

The consolidated entity is one of the largest independently ownedoverheadcraneandhoist,weighingandmeasurement solution providers in the country, serving more than 7,000 customers nationwide.

Together, American Equipment Holdings companies provide comprehensive solutions for everything related to customers’ overhead crane and hoist, weighing and measurement needs, including OSHAmandated inspections, preventative maintenance and repair field services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated systems, system modernizations and training.

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