Graycliff Partners has acquired Ballymore, a maker of equipment for use by retailers, OEMs and distribution customers. No financial terms were disclosed.
NEW YORK–(BUSINESS WIRE)–Graycliff Partners LP is pleased to announce that it has completed the acquisition of Ballymore, a designer and manufacturer of safety-centric equipment for use by retailers, OEMs, and distribution customers.
Since its founding in 1945, Ballymore has grown from its origins as the first ever manufacturer of rolling ladders to a provider of a variety of safety-focused electric lifts, ladders, work platforms, portable loading docks, and other related material handling equipment. Through an emphasis on engineering, new product development, and customer service, Ballymore is able to offer premier products that improve workplace safety, reduce insurance costs, and improve productivity for its customers.
“We are thrilled to embark on the next phase of growth with Graycliff as our financial and strategic partner,” said Bill Frame, Ballymore’s CEO and 20-year veteran at the company. “Graycliff’s support will be integral as we continue to expand our product line and cement our position as the go-to provider of safety products for our customers.”
“Ballymore has an impressive history of innovation and a strong reputation as a pioneer in safety products,” said Brandon Martindale, Graycliff Managing Director. “We are excited to partner with Bill and the rest of the Ballymore team to grow the business both organically and through acquisition, while continuing the focus on safety, quality and partnership that sets the company apart.”
Ballymore is the second investment in Graycliff’s fourth private equity fund, Graycliff Private Equity Partners IV LP. The current fund is a continuation of the firm’s overall strategy of making equity investments in lower middle market companies, with a focus on partnering with founder and family-owned businesses in the manufacturing, business services, and value-added distribution sectors.
Harter Secrest & Emery LLP provided legal services for Graycliff. The seller was advised by Fairmount Partners and Klehr Harrison Harvey Branzburg LLP provided legal services.
About Graycliff Partners LP
Graycliff Partners is an investment firm focused on making lower middle market investments, typically in manufacturing, business services and value-added distribution businesses. Through dedicated equity and credit funds, Graycliff provides capital for acquisitions, management buyouts, recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.