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New Deal


Announced

Completed

Altamont Capital Partners completed the acquisition of Bishop Lifting Products from SBP Holdings.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

Machinery: Industrial

Domestic

Private

steel wire ropes

Completed

Acquisition

Private Equity

Friendly

Single Bidder

lifting products

Synopsis

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Altamont Capital Partners, a private investment firm based in the San Francisco, completed the acquisition of Bishop Lifting Products, a value-added distributor of lifting products and solutions, from SBP Holdings, a group of value-added distributorships in the industrial rubber, wire rope, rigging products, and fluid power industries. Financial terms were not disclosed. "We are excited by this partnership and look forward to working with Altamont to strengthen and grow our business. We are in a great position to build and improve upon the areas of our business that are already thriving as we continue to provide excellent service and products for all of BLP's clients," Harold King, BLP CEO.

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