Greensboro, NC – Sherrill, Inc. ("Sherrill"), a leading distributor and product manufacturer servicing the professional arborist community, is pleased to announce it has acquired the California-based arborist distributor, Bishop Company ("Bishop"), and the Maine-based life safety rope manufacturer, Sterling Rope Company, Inc. ("Sterling").
"Both of these transactions align with our strategy of providing customers the broadest range of products, the strongest brands and best-in-class service. We are excited to welcome the employees of Bishop and Sterling to the Sherrill family, who will continue to operate out of their existing locations," remarked Tripp Wyckoff, Sherrill's CEO and President.
“Management has been communicating with these businesses for a long time, so we are pleased the timing was right for these transactions," said Matt Newill, Vice President of Platte River Equity. "We will continue to pursue complementary add-ons for Sherrill to leverage the company's scale and talented management team."
About Platte River Equity
Based in Denver, Colorado, Platte River Equity is a private equity firm focused on equity investments from $20 million to $80 million in lower middle market operating companies with enterprise values generally between $40 million and $250 million. The firm invests in sectors where it has deep operating and investing experience, including aerospace & transportation; energy & power; agriculture & chemicals; and metals & minerals. Platte River has raised funds with committed capital in excess of $1.3 billion.