Abstract: The invention is a compact drive for a counterweight-assisted winch which can be retrofitted into existing manually operated systems that use counterbalancing weights. The counterbalancing weight will be fixed at a first predetermined percentage of the maximum capacity of the set, preferably about 50%. The winch is rated at a second predetermined percentage of the maximum capacity of the set, preferably about 50%. Together the first and second predetermined percentages sum to at least 100% of the maximum capacity of the set. By using the winch in a closed loop configuration, it will operate the set at any load from 0 to 100% of the set's rated capacity, without the need to adjust the counterbalancing weights. The compact drive system employs two motorized winches positioned along the long axis of two adjacent counterweight rigging systems, each winch engaging a respective chain used to move a counterbalancing weight.