Piab Group Acquires Alum-a-Lift

Piab Group (Patricia Industries) Acquires Alum-a-Lift

August 28, 2024

Manufacturing

Piab Group, a portfolio company of Patricia Industries, has acquired US-based Alum-a-Lift, a maker of electronic ergonomic lifting trolleys, for a total consideration of USD 120 million (cash- and debt-free). The acquisition is a strategic add-on to Piab Group that expands its product offering, geographic reach and exposure to end markets such as semiconductors, aerospace and logistics; Alum-a-Lift generated approximately USD 26m in revenue for the 12 months to Dec 2023 and has ~80 employees.

Piab Group Acquires COVAL (Patricia Industries Funds Add-on)

March 28, 2023

Manufacturing

Piab Group has acquired COVAL, a French maker of vacuum automation components and systems, in a strategic add-on to strengthen Piab's product portfolio and geographic footprint. The acquisition was funded with EUR 20m in equity from Patricia Industries (part of Investor AB), together with cash from Piab and external debt; COVAL reported approximately EUR 23m revenue and EUR 5m adjusted EBITDA for the 12 months ending December 2022.

Bishop Lifting Products Acquires All-Lifts, Inc.

August 3, 2022

Manufacturing

Bishop Lifting Products, a portfolio company of Altamont Capital Partners, has acquired All-Lifts, Inc., a family-owned fabricator of wire rope slings and lifting devices headquartered in Albany, New York. The acquisition is an add-on to Bishop's platform to expand its geographic footprint in the Northeast; All-Lifts will continue operating with its full workforce and Brian Dewey will join Bishop in a leadership role.

Piab Group (Patricia Industries) Acquires 80% of Tianjin FeiYun Powder Equipment

August 7, 2024

Manufacturing

Piab Group, a Patricia Industries-owned industrial automation platform, has acquired 80% of Tianjin FeiYun Powder Equipment Co., Ltd (FeiYun) for approximately SEK 650m. FeiYun, headquartered in Tianjin, China, supplies vacuum conveyors and complementary equipment to end markets including batteries, pharmaceuticals and chemicals; it reported ~SEK 250m revenue for the 12 months ending Dec 31, 2023 and has 135 employees. Patricia Industries funded SEK 200m of the consideration to support the add-on acquisition and expansion of Piab Group's product offering and geographic reach.

American Pacific Group Invests in ServerLIFT

January 21, 2025

Manufacturing

An affiliate of private equity firm American Pacific Group has made a strategic investment in ServerLIFT, a Phoenix-based manufacturer of material handling and lifting equipment for data centers. The investment is being done in partnership with Ray and David Zuckerman and will support accelerated growth, expanded manufacturing capabilities, and next-generation product development.

Bishop Lifting Acquires Bairstow Lifting Products

April 3, 2024

Industrial Services

Bishop Lifting, a portfolio company of Altamont Capital Partners, has acquired Bairstow Lifting Products, a family-owned wire rope fabricator and rigging supplier headquartered in Atlanta. The deal is an add-on to Bishop's platform, expanding its footprint into the greater Atlanta metropolitan area; Robert and Andy Bairstow will assist with the transition.