Ballymore Safety Products Acquires DOC Services
2024年7月23日 - 1:00AM
ビジネスワイヤ(英語)
Creating a full-scale products, service, and
safety solutions provider with a truly nationwide footprint
Ballymore Safety Products (“Ballymore”), a portfolio company of
One Equity Partners (“OEP”) and leading designer and manufacturer
of vertical access equipment (e.g. rolling ladders and aerial work
platforms), material handling, and custom designed safety products,
today announced that it has completed the acquisition of a majority
ownership stake in DOC Services (“DOC”), a nationwide provider of
asset maintenance services for material handling, electromechanical
and commercial HVAC machinery. As part of the transaction, the
shareholders of DOC will maintain a significant ownership stake and
an ongoing role in the combined entity.
Headquartered in Fort Mill, South Carolina, with over 450
employees and operations in 50 states, DOC provides asset
maintenance solutions for a broad portfolio of blue-chip customers.
DOC’s services include repair, maintenance, system integrations,
24/7 call center, inventory and parts management, data reporting
and analytics for customers in the retail, industrial, commercial,
healthcare, government, and other sectors. The combined entity will
have over 700 employees, six manufacturing facilities, over 300
service technicians, and a broad offering of products and services
to national retail, distribution, warehouse automation integrators
and manufacturing companies.
Today, DOC acts as a key service partner for Ballymore, ensuring
ongoing support of Ballymore equipment in the field. The
transaction enhances the combined entity’s ability to provide
industry leading products and services throughout the product life
cycle.
“Ballymore and DOC have a longstanding relationship and an
aligned vision to create a differentiated player in the sector. The
combination enhances Ballymore’s ability to ensure high quality
asset maintenance services throughout the lifetime of a Ballymore
product in the field. It also gives us the opportunity to offer new
and exciting products to our customer base, such as full-service
leasing, preventive maintenance and analytics programs,” said Bill
Frame, President & CEO of Ballymore Safety Products.
“Our family has been partners with Ballymore for multiple
generations, and our values around quality work product and
customer service are squarely aligned,” added Eric Swanson Jr., CEO
of DOC Services. “We’re excited to pursue the next chapter of DOC’s
legacy alongside the Ballymore and One Equity team.”
Financial terms of the private transaction were not
disclosed.
About One Equity Partners One Equity Partners (“OEP”) is
a middle market private equity firm focused on the industrial,
healthcare, and technology sectors in North America and Europe. The
firm seeks to build market-leading companies by identifying and
executing transformative business combinations. OEP is a trusted
partner with a differentiated investment process, a broad and
senior team, and an established track record generating long-term
value for its partners. Since 2001, the firm has completed more
than 400 transactions worldwide. OEP, founded in 2001, spun out of
JP Morgan in 2015. The firm has offices in New York, Chicago,
Frankfurt and Amsterdam. For more information, please visit
www.oneequity.com.
About Ballymore Safety Products Ballymore Safety
Products, since its inception, has been known for making Safety
Products. Ballymore invented the Rolling Steel Ladder, over the
years the company expanded into aerial lifts, material handling
equipment, ergonomic lift tables and positioners, and other custom
safety products. Today, the company’s brands include Ballymore
Safety Products, Tri-Arc Manufacturing Company and Lift Products
Inc. The company services national retailers, distribution centers
industrial catalogs and systems integrators with their conventional
and custom engineered vertical access, material handling and safety
product needs. Throughout the years, Ballymore's reputation for
high quality equipment manufactured in steel, aluminum, and
stainless steel has resulted in relationships with major
corporations, including household retailers and industrial
distributors and suppliers. Learn more at www.ballymore.com
About DOC Services For over 35 years, DOC Services has
been providing asset repair and maintenance solutions to blue-chip
customers. Today DOC boasts 450 employees in 50 states and a
customer portfolio of many Fortune 500 Companies. Headquartered in
Fort Mill, SC, DOC services the retail, industrial, HVAC, warehouse
management, food service, healthcare and many other sectors. For
more information visit www.docservices.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240722896837/en/
Media Thomas Zadvydas Stanton 646-502-3538
TZadvydas@stantonprm.com