NEW YORK–(Business WIRE)–Feb 9, 2021–
Graycliff Companions LP is happy to announce that it has completed the acquisition of Ballymore, a designer and producer of safety-centric devices for use by suppliers, OEMs, and distribution clients.
Since its founding in 1945, Ballymore has grown from its origins as the to start with ever company of rolling ladders to a provider of a wide variety of basic safety-concentrated electric lifts, ladders, function platforms, moveable loading docks, and other linked content dealing with equipment. Through an emphasis on engineering, new products progress, and buyer company, Ballymore is able to give leading goods that improve place of work basic safety, lower insurance plan prices, and make improvements to productivity for its prospects.
“We are thrilled to embark on the up coming section of expansion with Graycliff as our fiscal and strategic partner,” claimed Invoice Body, Ballymore’s CEO and 20-yr veteran at the firm. “Graycliff’s guidance will be integral as we carry on to grow our merchandise line and cement our situation as the go-to service provider of basic safety products and solutions for our shoppers.”
“Ballymore has an extraordinary history of innovation and a sturdy reputation as a pioneer in security products and solutions,” claimed Brandon Martindale, Graycliff Managing Director. “We are psyched to partner with Monthly bill and the rest of the Ballymore crew to grow the company each organically and via acquisition, when continuing the target on basic safety, quality and partnership that sets the corporation apart.”
Ballymore is the second financial investment in Graycliff’s fourth non-public fairness fund, Graycliff Private Fairness Companions IV LP. The latest fund is a continuation of the firm’s total system of building equity investments in decrease center market place providers, with a aim on partnering with founder and loved ones-owned companies in the production, business enterprise providers, and value-added distribution sectors.
Harter Secrest & Emery LLP supplied legal products and services for Graycliff. The vendor was suggested by Fairmount Associates and Klehr Harrison Harvey Branzburg LLP provided lawful companies.
About Graycliff Associates LP
Graycliff Associates is an financial investment agency targeted on making reduce center market investments, normally in production, enterprise products and services and worth-added distribution firms. By focused fairness and credit resources, Graycliff gives money for acquisitions, administration buyouts, recapitalizations, advancement and enlargement. For extra information and facts about Graycliff Companions check out www.graycliffpartners.com.
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Supply: Graycliff Associates LP
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PUB: 02/09/2021 06:00 AM/DISC: 02/09/2021 06:01 AM
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