Altamont Capital Partners (Altamont) has completed its acquisition of Houston-based Bishop Lifting Products Inc. (BLP) from SBP Holdings. The transaction encompasses the entire BLP business.
BLP is a manufacturer and distributor of services, products, and solutions for North American rigging and crane companies.
“We are thrilled to join with the BLP team to solidify their position as a leading value-add distributor of lifting and rigging products and position the company for near- and long-term success,” said Randall Eason, managing director at Altamont. “As a market leader with a strong core product and service offering, a track record of successfully integrating prior acquisitions, and a world-class team, the partnership between BLP and Altamont is a great fit.”
Harold King, CEO of BLP added: “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.”
As part of the transaction, King will continue as CEO of BLP and BLP will retain all its current employees.