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Bishop Lifting Products Acquires All-Lifts, Inc. And Expands Their Reach Into The Northeast

Aug 03, 2022•almost 3 years ago

Acquiring Company

Bishop Lifting Products

Acquired Company

All-Lifts

Description

Bishop Lifting Products, a portfolio company of Altamont Capital Partners, announced today the completed acquisition of All-Lifts, Inc., headquartered in Albany, New York. All-Lifts was founded in 1966 and has been owned and operated by the Dewey family since 1978. Since then, the company has grown into a leading fabricator of wire rope slings, synthetic slings, alloy chain slings, and below-the-hook lifting devices. Following the closing, Brian Dewey will assume a leadership role at Bishop Lifting Products.

Company Information

Company

Bishop Lifting Products

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.

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