Graycliff Partners LP has acquired Ballymore, a designer and manufacturer of safety-centric equipment for use by retailers, OEMs, and distribution customers.
“We are thrilled to embark on the next phase of growth with Graycliff as our financial and strategic partner,” said Bill Frame, Ballymore’s CEO. “Graycliff’s support will be integral as we continue to expand our product line and cement our position as the go-to provider of safety products for our customers.”
“Ballymore has an impressive history of innovation and a strong reputation as a pioneer in safety products,” said Brandon Martindale, Graycliff’s managing director. “We are excited to partner with Bill and the rest of the Ballymore team to grow the business both organically and through acquisition, while continuing the focus on safety, quality and partnership that sets the company apart.”
Ballymore is the second investment in Graycliff’s fourth private equity fund, Graycliff Private Equity Partners IV LP. The current fund is a continuation of the firm’s overall strategy of making equity investments in lower middle market companies, with a focus on partnering with founder and family-owned businesses in the manufacturing, business services, and value-added distribution sectors.
Harter Secrest & Emery LLP provided legal services for Graycliff. The seller was advised by Fairmount Partners and Klehr Harrison Harvey Branzburg LLP provided legal services.