A private equity firm launched this year by two well-known Atlantic Canadian business families has scooped up a crane company in its first deal.

Rob Normandeau, chief executive of SeaFort Capital, says the firm closed a deal Monday to buy A-W Leil Holdings Limited of New Glasgow, N.S., for an undisclosed amount.

SeaFort Capital was set up in March by the Sobey and McCain families with the aim of buying companies established in fields like manufacturing and heavy equipment in smaller Canadian centres.

Normandeau says the 50-year-old construction equipment company was a good fit with the investment firm’s goal of acquiring profitable family-run operations whose owners are retiring.

A-W Leil Holdings operates about 50 cranes under the trade names of A-W Leil, Sagadore Cranes and Cape Breton Cranes.

Normandeau says SeaFort Capital provided the owner with a succession plan that allows him to sell for a good price while knowing his company will keep its head office in Nova Scotia.