LOS ANGELES – March 29, 2022 – WhiteHorse Capital (“Whitehorse”) agented a new senior secured credit facility to Altamont Capital (“Altamont”) to finance the acquisition of Bishop Lifting Products (“Bishop” or “BLP”). Founded in 1984 and headquartered in Houston, TX, Bishop is a value-added distributor and fabricator of mission-critical and technically demanding “below the hook” lifting solutions used across various applications and end markets.
“We are excited to partner with the WhiteHorse Capital team on our investment in Bishop. Whitehorse worked quickly and efficiently to provide us with certainty of close, and we look forward to working with them as we grow the business,” said Pete Meyerdirk, Executive Director at Altamont.
Dan Dubé, Managing Director at WhiteHorse Capital, added, “Altamont has a strong track record and maintains deep expertise across a broad range of industries, and we’re thrilled to support them and Bishop as they execute on their growth strategy.”
About Bishop Lifting Products
Bishop Lifting Products, Inc. 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 WhiteHorse Capital
WhiteHorse Capital provides debt financing to middle market companies across a wide range of industries, including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse Capital professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy. For more information, please visit our website at www.whitehorse.com