Circle 8 Newco Hires Arnold Mabee as New CEO
LAS VEGAS--(BUSINESS WIRE)—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”), announced today that effective April 1st, 2023, Arnold Mabee will become CEO of Circle 8 Newco LLC (“Circle 8 Crane Services”), an indirect subsidiary of Ault Alliance, with Phillip Bryson continuing on with the firm as President.
Arnold Mabee - CEO
Arnold comes to Circle 8 after most recently serving as President of Sterling Crane, USA, a diverse crane services company with nine branch locations across the United States, a modern fleet of more than 200 mobile cranes, and over 225 employees. Arnold has over 30 years of operational and senior level management experience in a variety of industries including all aspects of mobile crane and heavy haul services, steel service centers and other industrial services businesses. With a passion for operational excellence, Arnold has a long history of improving profitability and significantly growing business, including more than doubling revenue in his previous tenure at Sterling Crane.
Circle 8 is a crane rental and lifting solutions provider founded in 2007 and headquartered in Corpus Christi, TX with multiple locations throughout the South Central region of the U.S. It maintains a large modern fleet of mobile cranes for its customers’ heavy lifting needs. In particular, Circle 8 provides crane operators, engineering, custom rigging and transportation services for oilfield, construction, commercial and infrastructure markets. Circle 8 maintains an industry leading safety record.
“Circle 8 is a great company with an enormous opportunity in front of them, for which they are well positioned. I am excited to join the team and look forward to driving the business forward to its full potential alongside the Brysons,” said Arnold Mabee, CEO of Circle 8.
“We are very excited to have Arnold join the Circle 8 team, bringing a wealth of experience and network to the company,” said Phillip Bryson, President of Circle 8. Mr. Bryson continued, “Arnold will be able to leverage the solid foundation that we have built at Circle 8 to grow our fleet and personnel, as well as to serve and expand our customer base. This is a very constructive step towards taking Circle 8 to the next level, and with his operational background, he fits in well with the team.”
“Arnold joining our team is a testament to the strength of the platform and opportunity to build a world class lifting services business. Together in partnership with Phillip Bryson, we believe we have the key ingredients for success,”said Chris Wu, Executive Vice President of Ault Alliance and member of the Circle 8 Board of Directors.