COATESVILLE, Pa.--(BUSINESS WIRE)--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