Qualitas Funds has announced the successful sale of Ballymore Safety Products Company, a company within the Qualitas Funds III portfolio. The transaction resulted in a gross multiple of 4.0x invested capital and a gross IRR of c.60% for Qualitas Funds III investors.

Founded in 1946 and headquartered in Parkesburg, US, the company produces rolling safety ladders and hydraulic lifts, specializing in custom access solutions. Trusted by +1,800 distributors and featured in +20 catalogs, its steel, aluminum, and stainless-steel equipment serves diverse clientele.

Since the GP’s initial investment, the company has been rebranded to Safety Products Company, diversified Ballymore’s customer base, improved its management and expanded its addressable market through product line expansion and M&A. Additionally, sales and EBITDA have doubled and tripled, respectively.

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