Platte River Equity Portfolio Company, Sherrill, Inc., Completes Two Add-on Acquisitions
Greensboro, NC – Sherrill, Inc., 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 Sherrill, Inc.
Founded in 1960 and based in Greensboro, NC, Sherrill, Inc. is the largest distributor and direct retailer of arborist tools and equipment in North America. Sherrill’s vision is to become the world’s leading supplier to professionals who “Work Elevated.” These customers depend on Sherrill’s quality assortment of ropes, technical equipment and clothing to work and pursue their passions safely, efficiently and comfortably high above the ground. http://www.sherrillinc.com