8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):		October 31, 2008
Hyde Park Acquisition Corp.
(Exact name of registrant as specified in its charter)
Delaware	000-52459		20-5415048
(State or other jurisdiction of incorporation)	(Commission File Number)		(I.R.S. Employer Identification No.)
461 Fifth Avenue, 25th Floor, New York, New York			10017
(Address of principal executive offices)			(Zip Code)
Registrant’s telephone number, including area code: 212-644-3450
N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

Item 8.01. Other Events.

Hyde Park Acquisition Corp. held its Special Meeting of Stockholders on October 31, 2008 to, among other things, approve Hyde Park's proposed acquisition of Essex Holdings LLC and its wholly-owned subsidiary Essex Crane Rental Corp., as described in Hyde Park's definitive proxy statement relating to the proposed acquisition.  The Essex acquisition proposal was approved at the special meeting by majority vote of the shares issued in Hyde Park's initial public offering, or IPO shares.  Holders of 2,357,736 IPO shares, or approximately 18.2% of the total IPO shares, voted against the acquisition and exercised their right to convert their IPO shares into their pro-rata share of the amount held in Hyde Park's trust account.  The pro-rata conversion amount equaled approximately $7.93 per share, and, accordingly, approximately $18,696,847 has been retained in Hyde Park's trust account for the benefit of converting IPO shareholders.  The balance of the funds in Hyde Park's trust account, approximately $83,940,703, together with incremental borrowings under the new credit facility for Essex described in Hyde Park's proxy statement of $9,298,594, was used to fund the acquisition purchase price and transaction costs.

The other proposals included in Hyde Park’s definitive proxy statement and put to a vote at the Special Meeting were also approved.

Also, as previously announced, Hyde Park's board of directors has approved a $12 million discretionary buy-back plan for the company's common shares and publicly-traded warrants. Under the plan, the company may from time to time purchase shares and/or warrants in open market and private purchases.

On October 31, 2008, Hyde Park issued a press release announcing the completion of the acquisition of Essex, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press Release, dated October 31, 2008.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HYDE PARK ACQUISITION CORP.
Date: October 31, 2008	By:	/s/ Laurence Levy
		Name: Laurence Levy
		Title: Chief Executive Officer

EX-99.1

Exhibit 99.1

Hyde Park Acquisition Corp.

FOR IMMEDIATE RELEASE

HYDE PARK ACQUISITION CORP. COMPLETES ACQUISITION OF ESSEX CRANE RENTAL CORP.

NEW YORK, NY - October 31, 2008 -Hyde Park Acquisition Corp. (OTCBB: HYDQ; HYDQW; HYDQU) (“Hyde Park”) today announced the completion of its acquisition of privately held Essex Holdings LLC and its subsidiary, Essex Crane Rental Corp. (“Essex”). The acquisition was completed after Hyde Park’s shareholders voted to approve the acquisition at Hyde Park’s special meeting of stockholders held earlier in the day. In conjunction with the acquisition, Hyde Park changed its name to Essex Rental Corp.

Ron Schad, Essex’s President and CEO, said, "We appreciate the support of the shareholders of Hyde Park and are looking forward to Essex’s future as a public company. We are focused on building long-term value for our shareholders, and intend to pursue a variety of organic and acquisition-driven growth opportunities. We will continue to reposition our crane rental fleet away from lower lifting capacity cranes and towards higher lifting capacity equipment, which has historically produced higher monthly average rental rates and higher utilization rates. We are excited about the pace of new contract-related activity, the addition of new equipment to the fleet, and the continued strength of Essex’s end markets, including infrastructure and energy, and look forward to our future with confidence.”

Laurence Levy, Chairman of Hyde Park (who remains Chairman of Essex Rental Corp.), commented, "We are very pleased that we are able to consummate this acquisition with a company of Essex’s calibre. As previously announced, the Company’s operating performance has demonstrated significant year-over-year improvement, allowing us to continue to exceed the March 2008 projections upon which the transaction value was predicated. Essex is a market leader in the heavy lift crane segment, has a diverse customer base, addresses growing end markets, and operates under a business model characterized by low operational risk and attractive margins. As a significant stockholder and Chairman of the Board of Directors, I look forward to working closely with the Essex senior management team in support of the Company’s strategic growth objectives.”

Hyde Park (now known as Essex Rental Corp.) is seeking to transfer the listing of its securities from the Over-The Counter Bulletin Board to the NASDAQ Capital Market as soon as possible.

Katten Muchin Rosenman LLP acted as legal advisor to Hyde Park in connection with the acquisition of Essex, and Macquarie Capital (USA), Inc. acted as financial advisor.

About Essex Rental Corp.

Headquartered in Chicago, Essex Rental Corp. is one of North America's largest providers of lattice-boom crawler crane and attachment rental services. With over 350 cranes and attachments in its fleet, Essex supplies cranes for construction projects related topower generation, petro-chemical, refineries, water treatment & purification, bridges, highways, hospitals, shipbuilding, offshore oil fabrication and industrial plants, and commercial construction.

This press release contains statements which constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent and belief or current expectations of Essex and its management team. These statements may be identified by the use of words like “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “will”, “should”, “seek” and similar expressions. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements. Important factors that could cause actual results to differ materially from Hyde Park’s and Essex’s expectations include, without limitation, the continued ability of Essex to successfully execute its business plan, demand for the products and services Essex provides, general economic conditions, geopolitical events and regulatory changes, as well has other relevant risks detailed in Hyde Park’s filings with the Securities and Exchange Commission. Hyde Park undertakes no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

CONTACT:	-OR-	INVESTOR RELATIONS:
Essex Rental Corp.		The Equity Group Inc.
Martin Kroll		Melissa Dixon
Senior Vice President and Chief Financial Officer		Senior Account Executive
(847) 215-6502 / mkroll@essexcrane.com		(212) 836-9613 / mdixon@equityny.com
		Devin Sullivan
		Senior Vice President
		(212) 836-9608 / dsullivan@equityny.com