American Sling manufactures, distributes and rents rigging and lifting solutions primarily to the construction, drilling, mining, manufacturing and aerospace industries. It is Rental Holdings’ fourth acquisition in the last year.
Founded in 1983, American Sling provides a range of specialised lifting products including wire rope, wire, nylon and synthetic slings, rigging hardware and hoists, winches and tuggers for sale or rent. American Sling is the exclusive provider of Tuffy Products, a brand of nylon and synthetic slings. It is also a distributor for The Crosby Group and Columbus McKinnon.
Louis Kenter, a ‘principal’ at Prospect Partners, said: “American Sling expands our product line, provides access to new Texas markets and new customer segments, including mining and aerospace, and enhances our position along the Gulf coast and in the oil, gas, utility and chemical markets we already serve.”
Kevin Rodgers, chief executive officer of Rental Holdings, added: “In combination with Delta Wire Rope, American Sling positions Rental Holdings as one of the largest wire rope and rigging operators in the country.” Delta Wire Rope was acquired by Rental Holdings in July 2006.
American Sling’s former owner, Jim Fletcher, who has also served as president of the Associated Wire Rope Fabricators, will remain with the company to consult on its future expansion and acquisitions.
