Ballymore Safety Sold from Graycliff to One Equity Partners

Middle market private equity firm One Equity Partners acquired lifting, material handling and safety product distributor and manufacturer Ballymore Safety Products.

Based in Coatesville, PA, Ballymore designs, develops and manufactures safety products that address safety and productivity issues related to vertical access and heavy material handling. The company offers a 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.

Ballymore, which most commonly serves customers in retail and industrial environments, such as warehouses, factories and last-mile delivery, operates six facilities in the U.S. and has approximately 270 employees.

“We are excited to work with One Equity Partners as we look to continue growing our operations and enhance our product set,” Ballymore President and CEO Bill Frame said in a April 17 news release. “OEP has significant experience investing in industrial manufacturing companies, and we look forward to partnering to grow Ballymore into a true market leader.”

Financial terms of the private transaction were not disclosed.

“This industry is experiencing tailwinds from the re-shoring of industrial activity in the U.S. and an increased focus on employee safety for a workforce,” said One Equity Partners Principal Mario Ancic. “Together, these dynamics create an opportune market environment to support Ballymore’s growth as companies seek to enhance employee retention, drive productivity and limit time loss due to injury.”

The investment exemplifies OEP’s focus on identifying strong businesses with significant growth potential that can serve as a platform for growth through transformational M&A, added OEP Partner Steve Lunau.