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Bishop Lifting Acquires General Work Products, Expanding Into California And Extending Their Reach In New York, Louisiana, And Texas

Apr 18, 2023•over 2 years ago

Acquiring Company

Bishop Lifting

Acquired Company

Work Products

mining & metals

Description

Bishop Lifting, a portfolio company of Altamont Capital Partners, today announced the acquisition of General Work Products, which provides customers across the country with timely and cost-competitive access to safety-critical cordage, rope, and fall protection products.

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