Graycliff Partners Announces Sale of Ballymore Safety Products
April 17 2024 - 6:00AM
Business Wire
Graycliff Partners LP today announced the sale of Ballymore
Safety Products (“Ballymore”), a leading designer and manufacturer
of engineered vertical access and material handling safety-related
products for use in industrial and retail environments, to One
Equity Partners (“OEP”), a middle market private equity firm. Based
in Coatesville, PA, Ballymore offers a broad suite of products and
services, including rolling safety ladders, lifts, work platforms,
fall protection systems, portable loading docks, lift tables,
conveyors, stackers, and reach tools.
In its three-year partnership with Graycliff, Ballymore achieved
transformative growth through both strategic M&A and organic
initiatives. Graycliff guided the company through two strategic
acquisitions that added new products, diversified the company’s
customer base, and expanded manufacturing capabilities. Ballymore
added a full suite of executive leadership to support the company’s
CEO, Bill Frame, and hired critical engineering talent to bring the
product development function in-house, resulting in the addition of
several new, internally-developed products. During this period, the
company completed a rebranding to better reflect the company’s wide
range of products and services and focus on workplace safety
solutions.
Brandon Martindale, Partner at Graycliff, said, “We are proud of
all we have accomplished over the last three years, which could not
have been done without the hard work and dedication of Bill and the
team at Ballymore and their unwavering focus on safety, quality,
innovation, and partnership. We believe Ballymore is well
positioned to continue its growth trajectory, and we look forward
to seeing what the team will achieve with OEP’s support.”
“Graycliff’s support and guidance were integral in getting us to
where we are today,” said Bill Frame, Ballymore CEO. “The
improvements we’ve made to our product offering, talent, branding,
and operations have given us the tools to grow into a true market
leader and full-scale provider of safety solutions across North
America. We look forward to partnering with OEP to achieve this
vision.”
Fairmount Partners and BlackArch Partners served as co-financial
advisors to Graycliff Partners and Ballymore, while Akerman LLP
served as legal counsel.
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.
About Ballymore Safety
Products
Ballymore Safety Products, since its inception, has been known
for making custom access stands, platforms and systems. Today, over
1,800 distributors turn to Ballymore for their conventional and
special access needs. Throughout the years, Ballymore's reputation
for high quality equipment manufactured in steel, aluminum, and
stainless steel has resulted in contracts with major corporations,
including household retailers and industrial producers and
suppliers. Learn more at www.ballymore.com.
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Caileigh Johnston Graycliff Partners LP
cjohnston@graycliffpartners.com 212-300-2932