PE Firm Odyssey Snaps Up Crane Rental Co.

Law360, New York (November 21, 2011, 6:07 PM EST) -- Private equity firm Odyssey Investment Partners LLC has acquired one of Texas' largest crane rental companies from MML Capital Partners, Odyssey said Monday.

Odyssey bought Houston-based TNT Crane and Rigging Inc., which mainly serves the energy industry, to expand its holdings of industrial equipment rental and services companies, the firm said in a statement, without disclosing the terms of the deal.

"Odyssey is extremely impressed with the management team and looks forward to working closely with them to continue building this business," Managing Principal Bill Hopkins said in the statement. "We...
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