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Bishop Lifting completes acquisition of Bairstow Lifting Products, expands presence in Georgia

Apr 03, 2024•over 1 year ago

Acquiring Company

Bishop Lifting

Acquired Company

Bairstow Lifting Products

Atlantamining & metalsManufacturing

Description

Bishop Lifting, a portfolio company of Altamont Capital Partners, has successfully completed the acquisition of Bairstow Lifting Products. This strategic acquisition expands Bishop Lifting's footprint into Georgia, enabling the company to further strengthen its position as a leading provider of lifting products and services, with the addition of strategic branch locations to serve customers throughout the country.

Company Information

Company

Bishop Lifting

Location

2301 Commerce St

About

Founded in 1984, Bishop Lifting is one of the largest providers of wire rope, slings, rigging, and related safety-critical products in the United States. Bishop's dedicated employees help leading companies across all industries solve their lifting and industrial needs. With 45 branches located strategically across the country, customers have the advantage of accessing Bishop's large breadth of products from any location. In November 2022, Bishop Lifting Products rebranded the company and its subsidiaries as Bishop Lifting. The Bishop Lifting brands include Matex, American Wire Rope & Sling, LA Crane, Delta Rigging & Tools, and Western Sling. Bishop Lifting Rentals includes Delta Rigging & Tools and Morgan City Rentals. Bishop Lifting's other family of brands are comprised of All-Lifts, Wood's Logging, Silver-State Wire Rope, Westech Rigging, Certified Slings and Supply and now General Work Products.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed