LiftHigh Crane & Rigging doubles credit facility to $20M with Huntington, opens Central Texas branch
What's the deal? LiftHigh Crane & RiggingDealroom has a profile for this one. Try Dealroom →, a Houston-based crane services and specialty rigging company, has doubled its revolving credit facility from $10M to $20M with The Huntington National BankDealroom has a profile for this one. Try Dealroom →. Alongside the debt expansion, LiftHigh announced a new branch in New Braunfels, Texas, positioned between Austin and San Antonio.
The new location at 846 York Creek Road will offer crane services, specialty rigging, storage, and project staging for clients across manufacturing, infrastructure, power generation, telecoms, commercial construction, energy, and the fast-growing AI and data centre markets.
Founded in 2025, LiftHigh operates branches in Houston, Central Texas, and Denver, Colorado, with a fleet ranging from 26 to 900 tons of lifting capacity.
Why now? Central Texas is booming. The Austin–San Antonio corridor has become a magnet for data centre builds, energy infrastructure, and commercial construction — all sectors that need heavy lifting. LiftHigh is barely a year old and already scaling aggressively to capture demand.
"Central Texas represents an important market for LiftHigh as we continue building a regional platform focused on safe execution, specialised equipment, and reliable service," said chief executive officer Mike Appling Jr.
Chief financial officer Brad Hopper credited the banking relationship with Huntington for enabling the company's pace of growth. Blake Patterson, senior vice president at Huntington Bank, said the partnership "reflects Huntington's broader commitment to expanding our presence across the state."
What could go wrong? LiftHigh is a young company leveraging up quickly. Doubling a credit facility within the first year of operations signals ambition — but also increases financial risk if project demand softens or construction cycles cool. The company's heavy exposure to Texas also concentrates geographic risk.
Competition in crane services across the Gulf Coast and Mid-Continent regions is fierce, with well-established incumbents already serving many of the same markets LiftHigh is targeting.
The signal: LiftHigh's ability to double a credit facility within its first year of operations underscores how aggressively lenders are backing infrastructure-adjacent services businesses amid the US data centre and energy buildout. The early-stage company's rapid scaling — from founding in 2025 to multi-state operations backed by a $20M revolving facility — suggests corporate lenders like Huntington National Bank see durable, bankable demand in the industrial services layer that underpins AI infrastructure growth.
Read more: StreetInsider
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