COATESVILLE, PA — Ballymore Safety Products, backed by One Equity Partners, has acquired a majority stake in DOC Services, a provider of asset maintenance services for machinery. The deal allows DOC shareholders to retain a significant ownership and role in the combined entity.
DOC, based in Fort Mill, South Carolina, employs over 450 people and operates in all 50 states. It serves various sectors, including retail, industrial, commercial, healthcare, and government. Services range from repair and maintenance to system integrations and data analytics. The combined entity now boasts over 700 employees, six manufacturing sites, and more than 300 service technicians.
DOC has long been a key maintenance partner for Ballymore, supporting its equipment in the field. The acquisition strengthens their ability to offer comprehensive product lifecycle services.
“Ballymore and DOC have a longstanding relationship and an aligned vision to create a differentiated player in the sector,” said Bill Frame, President & CEO of Ballymore Safety Products. “The combination enhances Ballymore’s ability to ensure high-quality asset maintenance services throughout the lifetime of a Ballymore product in the field. It also gives us the opportunity to offer new products to our customer base, such as full-service leasing, preventive maintenance, and analytics programs.”
Eric Swanson Jr., CEO of DOC Services, added, “Our family has been partners with Ballymore for multiple generations, and our values around quality work product and customer service are squarely aligned. We’re excited to pursue the next chapter of DOC’s legacy alongside the Ballymore and One Equity team.”
Financial terms of the private transaction were not disclosed.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.