Category: news

Altamont Capital Partners Acquires Bishop Lifting Products, Inc. from SBP Holdings

Altamont-BLP

Palo Alto, CA – Altamont Capital Partners (Altamont) today completed its acquisition of Houston-based Bishop Lifting Products, Inc. (BLP) – a market-leading, value-added distributor of lifting products and solutions –from SBP Holdings. The transaction encompasses the entire BLP business.

Altamont’s approach is to invest in companies with strong business models and great teams that have opportunities for tremendous growth. Altamont has extensive experience partnering with middle-market companies like BLP, supporting management and providing resources to enable them to grow and succeed.

 “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.”

 “We are excited by this partnership and look forward to working with Altamont to strengthen and grow our business,” said Harold King, CEO of BLP. “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 going forward and BLP will retain all its current employees.

 “The partnership between Altamont and BLP will allow us to build from the robust foundation that has already been laid by Harold and the rest of the team. We’re excited to support BLP’s current operations while also looking to grow stronger through adding new customers, end markets, and capabilities, including through the pursuit of strategic acquisitions,” added Chase Beeler, Principal at Altamont.

 About Bishop Lifting Products, Inc.

Founded in 1984, Bishop Lifting Products, Inc. (BLP) is one of the largest providers of wire rope, slings, rigging, and related products in the United States. Bishop’s dedicated employees help leading companies across all industries solve their lifting and industrial needs. Presently, there are 26 strategic branches located across the country that allow customers to have the advantage of accessing Bishop’s large breadth of products from any location. In addition to Bishop, the BLP family of brands includes Delta Rigging and Tools, Morgan City Rentals, Matex, Woods Logging, American Wire Rope and Sling, Western Sling, and Louisiana Crane.

 About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.0 billion of assets under management. Altamont 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. The firm’s principals have significant experience building business success stories across a range of industries, including consumer, restaurants & multi-unit, financial services, healthcare, industrials, and business services.

 Media Contact:

Greg Blair

greg@narrativedc.com

(562) 714-2526

COVID-19 Update

THE HEALTH AND SAFETY OF EVERYONE REMAINS OUR TOP PRIORITY.  

Like all of you, we are assessing the situation surrounding COVID-19 (Coronavirus) and its impact on our business and industry. Please be assured we are committed to maintaining our high level of service. We will do this while protecting the health of our employees, our customers and our community. Bishop Lifting wants to let you know that as of this date we have not had any significant disruption in our supply chain or our ability to service our customer’s requests, orders or shipments.

We continue to carefully reviewed the local, state and federal directives and guidance related to the COVID-19 crisis.  At this time we remain an essential business that must continue its operations. Our work is critical to ensure continuity of its service and support of essential infrastructure and essential businesses. This includes health care facilities, food and beverage processing facilities, hospitals, lab facilities, and industrial facilities. Industrial Facilities such as municipal water and wastewater treatment facilities that have critical reliance on safe, clean, reliable water.

How we are reducing the impact of COVID-19

Besides monitoring the situation, we are also taking the following active measures to reduce the impact to our customers:

  • We are following all recommended strategies issued by the CDC to keep our employees safe and healthy, including allowing employees to work from home whenever possible and rotating shifts to limit person-to-person contact.
  • BLP are asking our suppliers and customers to limit their visits to our facilities whenever possible as we are committed to maintaining a safe working environment for all of our employees.
  • We are in constant communication with our suppliers in China and Japan to ensure we react immediately to any disruption in our supply chain.
  • Bishop Lifting remains readily available to help you address any specific concerns. Our Inside Sales and Outside Sales teams, Service Departments, Accounting and Shipping Departments are all functioning without disruption.
  • We will employ available technologies to provide remote assistance wherever possible.
  • We’ll remain proactive and update you as necessary.  Please send us an email or call us with any concerns or questions you may have.

In these unique times, our company and our Team joins with everyone to support our community and neighbors. We appreciate your business and understanding during this global health emergency.

Hurricane Harvey Update

To our Customers, Suppliers and Friends,

Bishop Lifting Products and Delta Rigging & Tools have made it through Hurricane Harvey and the Houston, Angleton and Sulphur offices officially reopened for business on Thursday, August 31st. Hurricane Harvey hit Texas harder than expected, impacting millions, displacing hundreds of thousands. We prepared prior to the storm and remained in constant contact with our employees throughout the storm. All of our employees are safe, but many have water damage to their homes and cars, and few have lost everything.

Please contact us in regards to new or existing orders. Normal shipments and orders may take longer due to road conditions, freight delays and facility closures. Our other locations are helping with production to support our customers and utilizing inventory within our groups to minimize supply chain disruptions. Our team will do everything to help you meet your project deadlines.

Our parent company, SBP Holdings, set up a Go Fund Me account for employees affected by the storm. SBP will match employee contributions dollar for dollar over the next 14 days. 100% of contributions will go directly to SBP employees affected by the storm.  If you feel the need to donate, please contribute at: https://www.gofundme.com/sbpblp-employees-flood-relief 

Thank you for your patience as our company returns to normal business. Our thoughts and prayers are with those who have been adversely affected.

Sincerely,

Harold King
President
Bishop Lifting Products
Delta Rigging & Tools
Morgan City Rentals

 

Delta Rigging & Tools Logo

bishop lifting products logo

morgan city rentals logo

Block Repair & Refurbishing from BLP Services

auxiliary block vesselBLP Services team took on a huge refurbishing job on a 400te main deck crane auxiliary block on a multi-purpose, deepwater pipe lay and heavy lift vessel.  This 400te working load limit (WLL) hook block is an auxiliary block on one of the three cranes on-board designed to support heavy lift, pipelay and subsea installations. Crane blocks require frequent inspections daily, periodic inspections quarterly to annually depending on use, and a complete disassembly and thorough inspection service every 5 years.

Our service technicians started with a complete inspection of the duplex hook and attachments checking for deformation, cracks, gouges, and thread wear.  They then checked the latches on either side of the hook for proper function. The sheave wheels were inspected for misalignment, or wobble, and wear, and the proper positioning of sheave pin nuts. The rope grooves were checked for normal wear from use or for abnormal wear from misuse such as using improperly sized wire rope. This block is designed to be used with 2-3/4" diameter wire rope. All nuts, bolts, pins, and other hardware were double checked to make sure they were still installed and that they didn't show any signs of bending. The side plates, pins and axles, fittings and trunions were checked for signs of cracking and deformation. The block assembly was completely disassembled and any damaged or missing parts were repaired or replaced.  

The refurbishing process included: 

  • Pre and Post Non-destructive testing (NDT)
  • Blasting to remove all old paint
  • All bearings and seals were replaced with new
  • DNV witnessed, 110% overload pull tested (986,000 lbs.)
  • Re-painted and tagged
  • Full certification pack

BEFORE

Before Image of Blocks Needing Repair

AFTER

block repaired and being tested

 
 
 
 
 
 
 
 

Bishop Lifting Products, Inc. Fabricates World’s Longest Polyester Roundsling

August 26, 2016--Bishop Lifting Products, Inc. (BLP), a fabricator and distributor of slings and rigging supplies, fabricated the world’s longest polyester roundsling in Houston, Texas.

The Polyester Roundsling was fabricated for a special subsea installation project for use in the Gulf of Mexico.  The BLR7 model sling has a vertical capacity of 21,200 lbs., and a record breaking length of 280 feet.

Bishop Lifting Products has a dedicated team of skilled synthetic sewers who are taught and trained on the correct standards and policies in line with the Web Sling and Tie Down Association (WSTDA) and ASME B30.90 “Slings” for fabricating synthetic slings.

About Bishop Lifting Products, Inc.

Founded in 1984, Bishop Lifting Products, Inc. (BLP) is a leading fabricator and distributor of products, services, and lifting solutions for crane, rigging, marine, and oilfield applications. Our 500+ dedicated employees throughout Texas, Louisiana, Kansas, Colorado, and Oklahoma supply wire rope, slings, rigging hardware, lifting devices, hoists and winches to customers with lifting, oilfield, towing, and hauling applications.

roundsling