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Bishop Lifting completes acquisition of Oceanside Equipment, Expanding Footprint into Canada

May 14, 2024•over 1 year ago

Acquiring Company

Bishop Lifting

Acquired Company

Oceanside Equipment

mining & metalsManufacturing

Description

Bishop Lifting, a portfolio company of Altamont Capital Partners, has successfully acquired Oceanside Equipment, a leading wholesale distributor of rigging and mooring products. With this acquisition, Bishop Lifting further expands its core solution offerings and footprint to serve customers locally across North America. Post-acquisition, Oceanside will maintain its branding and teams, while contributing to Bishop Lifting's strategy of becoming the leading provider of lifting products and services not only in the United States but across North America.

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

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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