Texas, USA-headquartered Bishop Lifting Products has completed its acquisition of American Wire Rope & Sling (AWRS).
Commenting on the deal, Harold King, Bishop Lifting Products president, said, “We are excited about the acquisition of American Wire Rope and Sling. AWRS expands our geographic footprint into the upper Midwest area of the country. Moreover, the addition of AWRS enhances our existing capabilities by expanding our overhead crane manufacturing and service capabilities.”
Owned by ECP American Steel, AWRS has three depots in Indiana and there are 34 employees. Indiana-based AWRS was founded in 1933, supplying rigging, lifting and overhead crane wire rope in America’s Midwest.
Kyle Howard, ECP American Steel CEO, said, “Being part of the Bishop Lifting family provides AWRS and our customers access to a broader line of lifting and rigging products and solutions. It opend up opportunities to expand into rigging rental and custom-designed and fabricated lifting products. We are eager to introduce these new products, services and solutions to our customers.”
Bishop Lifting was started in 1984. It manufactures and supplies products for use in rigging and cranes. In 2012 it was acquired by SBP Holdings, a portfolio of companies owned by US private equity firm AEA Investors.