Bishop Lifting Products acquires two more rigging firms

13 October 2022

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Bishop Lifting Products, a portfolio company of private equity firm Altamont Capital Partners, has recently announced the completed acquisitions of two rigging businesses in the US as part of its ongoing strategy to become the country’s leading provider of lifting products and services.

The most recent deal saw the company acquire Westech Rigging Supply, a family-owned and operated business founded in 1956 with locations in Eugene and Salem, Oregon, but with an online presence that serves customers across the country.

Westech owner Nick Anderson will assume the role of director of e-commerce for Bishop Lifting Products.

Westech marks Bishop’s tenth acquisition since 2012. Including Westech, Bishop Lifting Products now has 30 branches across the US, offering a full line of lifting products and services.

Bishop’s second recent acquisition, and ninth overall since 2012, was of Silver State Wire Rope and Rigging, which is headquartered in Las Vegas, Nevada.

Silver State was founded in 1991 with an initial focus on the mining, industrial and construction sectors. Since then, the company has expanded to also become a supplier of rigging and safety-critical equipment for the entertainment industry.

Speaking after the Westech purchase, Harold King, president of Bishop Lifting Products, said: “We’re excited to continue our growth through acquisition as we reach the milestone of 30 locations to serve our customers.

“Westech expands on our service of the logging, utility and related industries in the north-west. We look forward to working with Nick [Anderson] and the Westech team as we continue to build out our national footprint to serve customers locally with our deep industry knowledge while providing our high-quality products to customers throughout the country via our online platforms.”

“We are excited to join Bishop to continue the work that my family has been doing for more than 65 years,” said Anderson. “Bishop provides the reach to best serve our nationwide online customer base while also expanding our product and service offerings locally.”

Pete Rogers, general manager at Silver State, added: “Silver State is a business that has focused on the development, and at times, customisation of our offerings as we serve the current and developing needs of our markets.

“I am personally very excited about working with the Bishop team as their national reach and breadth of products and services will further strengthen our ability to serve our markets and customers.”

Bishop Lifting Products’s parent company, Altamont Capital Partners, is a private investment firm based in the San Francisco Bay Area with more than $4.5bn of assets under management. Altamont said it is “focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential”.

Silver State was founded with a focus on the mining, industrial and construction sectors, but has since expanded to also become a supplier of rigging and safety-critical equipment for the entertainment industry.