Bigge Crane and Rigging Co. Market Research Report

Background

Overview

Bigge Crane and Rigging Co., established in 1916, is a leading provider of crane rentals, crane sales, and specialized heavy lifting services across the United States. Headquartered in San Leandro, California, the company operates a strategic network of over 20 service locations nationwide, offering logistical and field support throughout the U.S.

Mission and Vision

Bigge's mission is to deliver safe, reliable, and efficient crane and rigging solutions to its clients, ensuring the successful completion of complex projects. The company's vision is to lead the crane industry into the 21st century by continually evolving its services and equipment to meet the dynamic needs of the construction and heavy lifting sectors.

Primary Area of Focus

Bigge specializes in crane rentals, crane sales, and heavy lifting services, catering to a diverse range of industries, including construction, infrastructure, and industrial sectors. The company is renowned for its extensive fleet of cranes and rigging equipment, capable of handling projects of varying scales and complexities.

Industry Significance

With over a century of experience, Bigge has played a pivotal role in numerous landmark projects across the United States, such as the construction of the Golden Gate Bridge and the Hoover Dam. The company's longstanding presence and expertise have solidified its reputation as a trusted partner in the crane and rigging industry.

Key Strategic Focus

Core Objectives

• Expansion of Service Offerings: Bigge aims to broaden its range of services, including crane rentals, sales, and specialized heavy lifting solutions, to meet the evolving needs of its clients.

• Fleet Modernization: The company is committed to continually updating its fleet with the latest crane technologies to enhance operational efficiency and safety.

• Safety Excellence: Maintaining high safety standards is a central objective, ensuring a secure working environment for employees and clients.

Specific Areas of Specialization

• Crane Rentals: Offering a diverse selection of cranes for short-term and long-term projects.

• Crane Sales: Providing new and quality used cranes for purchase, catering to various client requirements.

• Heavy Lifting Services: Executing complex heavy lifting and rigging operations for large-scale projects.

Key Technologies Utilized

• Advanced Crane Models: Incorporating state-of-the-art cranes from manufacturers like Liebherr, Manitowoc, and Kobelco to ensure optimal performance.

• Safety Management Systems: Implementing comprehensive safety protocols and technologies to monitor and enhance safety standards.

Primary Markets Targeted

Bigge serves a wide array of markets, including:

• Construction: Providing cranes and rigging services for building projects, from residential to commercial developments.

• Infrastructure: Supporting the construction and maintenance of bridges, highways, and other critical infrastructure.

• Industrial Facilities: Assisting in the erection and maintenance of industrial plants and facilities.

Financials and Funding

Funding History

As a privately held, family-owned company, Bigge Crane and Rigging Co. has not publicly disclosed detailed funding histories or financial statements. The company has demonstrated consistent growth and investment in its fleet and services over the years.

Recent Investments

In March 2017, Bigge invested over $100 million in new equipment, including cranes, construction hoists, and gantries, showcased at the ConExpo-Con/Agg 2017 equipment expo.

Utilization of Capital

The capital raised has been utilized to:

• Expand Fleet Capacity: Acquiring additional cranes and heavy equipment to meet growing demand.

• Enhance Service Offerings: Investing in new technologies and equipment to improve service efficiency and safety.

• Support Operational Growth: Funding the establishment of new service locations and expanding the company's operational footprint.

Pipeline Development

Key Pipeline Candidates

Bigge's pipeline development focuses on:

• Fleet Expansion: Continuously adding new crane models and equipment to diversify service offerings.

• Service Enhancement: Developing new services and solutions to address emerging market needs.

Stages of Development

The company is in the implementation stage, actively acquiring new equipment and expanding its service capabilities.

Target Conditions

Bigge targets large-scale construction and infrastructure projects that require specialized heavy lifting and crane services.

Anticipated Milestones

• Fleet Expansion: Regular additions to the fleet to maintain a modern and versatile equipment base.

• Service Rollouts: Introduction of new services and solutions to meet evolving client demands.

Technological Platform and Innovation

Proprietary Technologies

Bigge utilizes proprietary safety management systems and operational protocols to ensure high standards in crane operations and rigging services.

Significant Scientific Methods

• Safety Protocols: Implementing comprehensive safety measures and training programs to maintain a secure working environment.

• Operational Efficiency: Employing advanced logistics and project management techniques to optimize service delivery.

Leadership Team

Executive Profiles

• Weston J. Settlemier – President and CEO

• Professional Background: Serving as President and CEO since 2000, Weston represents the fourth generation of the Bigge family in leadership.

• Contributions: Under his leadership, Bigge has expanded its fleet and service offerings, solidifying its position in the industry.

• Zack Ganzell – Director of Equipment Sales

• Professional Background: Overseeing equipment sales, Zack has been instrumental in expanding Bigge's equipment offerings.

• Contributions: Played a key role in establishing exclusive dealership agreements, such as with Kobelco in Colorado and Utah.

Competitor Profile

Market Insights and Dynamics

The crane and rigging industry is characterized by a competitive landscape with several key players:

• Maxim Crane Works: The largest crane-owning company in North America, operating 53 branches with 3,218 employees.

• ALL Family of Companies: A major competitor with 31 branches and 1,600 employees, operating worldwide.

• Buckner HeavyLift Cranes: A significant player with 3 branches and 250 employees, serving a global market.

Competitor Analysis

• Maxim Crane Works: Holds the top position with a diverse fleet and extensive operational reach.

• ALL Family of Companies: Offers a wide range of crane services and has a substantial workforce.

• Buckner HeavyLift Cranes: Specializes in heavy lifting and rigging services, with a focus on large-scale projects.

Strategic Collaborations and Partnerships

Bigge has formed strategic partnerships to enhance its service offerings:

• Kobelco Construction Machinery: Appointed as the exclusive dealer for Kobelco crawler cranes in Colorado and Utah, expanding Bigge's equipment offerings in these regions.

• Empire Crane Company: Entered into a partnership to offer East Coast customers access to Bigge's extensive crane fleet, enhancing service reach.

Operational Insights

Bigge's strategic considerations include:

• Fleet Modernization: Continuously updating the fleet to maintain a competitive edge.

• Service Diversification: Expanding service offerings to meet a broader range of client needs.

• Safety Standards: Upholding high safety standards to differentiate from competitors.

Strategic Opportunities and Future Directions

Bigge is well-positioned to:

• Expand Market Reach: Through strategic partnerships and service diversification.

• Enhance Technological Capabilities: By investing in advanced equipment and safety technologies.

• Strengthen Industry Leadership: By leveraging its century-long experience and commitment to excellence.

Contact Information

• Website: www.bigge.com

• Social Media:

• LinkedIn: Bigge Crane and Rigging Co.

• Facebook: Bigge Crane and Rigging Co.

• Twitter: @BiggeCrane