Skip to main content
search
0
Category

Press Releases

Mar 02

SBP Holdings Acquires HydraFab LLC

By Company Updates, Press Releases No Comments

 SBP Holdings acquired Hydrafab LLC on Tuesday March 1, 2022. Hydrafab will operate within the fluid power / automation platform (Dakota Fluid Power) for SBP Holdings. The fluid power / automation vertical of SBP Holdings is one of two platform businesses along with its Industrial Rubber vertical (Singer Equities). With this addition SBP Holdings will increase its North America footprint to approximately 70 locations with over 1000 employees. 

Hydrafab LLC was established in 2007 by Founders Mark and Amy Hlad, operates from one location in Green River, WY with approximately 14 team members. Hydrafab provides repair services, fabrication and sales for all types of hydraulic products including pumps, valves, and cylinders. Hydrafab is a leading expert in repair in the mining operations of WY and clearly understands and responds to the urgency of customers’ requirements. Key markets include mining, construction equipment and in plant systems. The Hlad’s will continue to manage the Hydrafab operation and expand the enterprise through organic growth and cooperation with other SBP Holdings companies. 

SBP CEO Craig Osborne said, “We are truly excited about teaming up with Mark and Amy and the Team at Hydrafab to continue to expand our fluid power offering and geographic footprint. Fluid Power continues to be a large addressable market with tremendous opportunity for growth and there is no question we have a solid base and the ability to expand.” Dakota Fluid Power President Rick Lindemann added “We are looking forward to having the Hydrafab Team join our Fluid Power group! Their reputation and business model of providing fast turnaround and quality service to their customers, aligns very well with the other companies in our platform.” 

Mark Hlad said, “I feel strongly that we have teamed up with the right group to continue the Hydrafab tradition of supporting customers.” 

SBP Holdings provides mission critical components, systems, inspection and testing services and repairs throughout North America. More information can be provided by viewing www.staging-sbpholdingsmultisite.kinsta.cloud, www.singerequities.com, www.dakotafluidpower.com. 

Feb 02

SBP Holdings Sells Bishop Lifting Products, Inc. to Altamont Capital Partners

By Company Updates, Press Releases No Comments

Dallas, TX – SBP Holdings completes the sale of Houston-based Bishop Lifting Products, Inc (BLP) – a group of value-added distributors of lifting products and specialty rental equipment.  The transaction encompasses the entire BLP business.  Following the transaction, SBP Holdings will be comprised of two divisions with significant organic and acquisition growth opportunities: Industrial Hose & Rubber and Fluid Power & Automation.

“This transaction enables us to focus and align our attention and efforts on our two core businesses and markets.  Both the Industrial Hose & Rubber and Fluid Power & Automation divisions have natural customer and vendor overlap and synergies, and we look to continue aggressive acquisitions in those segments to accelerate growth,” said Craig Osborne, CEO of SBP Holdings.  “I thank Harold King and the entire Bishop Lifting team for their contributions to the SBP platform over the years and wish them continued success as they move forward with their new partner.”

Following the transaction, Osborne will remain CEO of SBP Holdings and the leadership team will remain unchanged.

About SBP Holdings

Singer Equities, Inc. and Dakota Fluid Power, Inc. are wholly owned subsidiaries of SBP Holdings, headquartered in Dallas, TX.  SBP Holdings is a group of value-added distributorships in the industrial rubber, hose, fluid power, and automation industries.  Our primary objective is to provide mission-critical components to a broad range of industrial markets throughout North America.  SBP is focused on organic expansion and the acquisition of well-managed businesses where significant operating changes are not necessary.  We believe that good companies are the result of good management.  Our philosophy is to allow business leaders to remain and operate the businesses, affording them a tremendous level of responsibility, authority, and autonomy.

Jan 05

SINGER EQUITIES ACQUIRES OB&E RUBBER COMPANY

By Company Updates, Press Releases No Comments
SINGER EQUITIES ACQUIRES OB&E RUBBER COMPANY
Singer Equities, Inc. has acquired OB&E Rubber Company, headquartered in Jeffersonville, IN. OB&E Rubber provides heavy-duty conveyor belts, accessories, and field services including installation and conveyor maintenance out of their Indiana location. OB&E serves multiple markets including power generation, aggregate, recycling and resell.

The business, founded in 1952 and in its third generation of ownership, will continue operating under the OB&E Rubber name. Owners Nathan and Joe Endris will continue in their key management roles. “OB&E expands Singer’s footprint and potential in the Midwest, which complements the company’s conveyor service in the Mid-Atlantic and Northeast”, said owner Nathan Endris. Joe Endris added, “We believe partnering with Singer Equities is the best decision for our company, employees, and culture.”

Craig Osborne, SBP Holdings CEO stated, “OB&E’s customer-centric focus will help strengthen our ability to service new and existing customers in the Midwest region.” Sam Petillo, President of Singer Equities, added “We are excited to add OB&E’s decades of knowledge, product expertise, and conveyor installation experience to the Singer family.”

Singer Equities, along with Bishop Lifting Products and Dakota Fluid Power, are wholly owned subsidiaries of SBP Holdings, headquartered in Dallas, TX. With this addition, SBP Holdings will increase its North American footprint to 95 locations with over 1,300 employees. SBP Holdings provides mission-critical components, inspection and testing services, repairs, and specialized rental activities throughout North America. More information can be provided by viewing www.staging-sbpholdingsmultisite.kinsta.cloud, www.singerequities.com, www.lifting.com, www.dakotafluidpower.com

Dec 01

SBP HOLDINGS TO ACQUIRE WATTS STEAM STORE / WATTS MACHINE

By Company Updates, Press Releases No Comments

SBP HOLDINGS TO ACQUIRE WATTS STEAM STORE / WATTS MACHINE

December 1, 2021 — Dallas, Texas

SBP Holdings has acquired Watts Steam Store and subsidiaries on Wednesday, Dec 1, 2021.  Watts Steam Store will operate within the fluid power/automation platform (Dakota Fluid Power) for SBP Holdings.  The fluid power/automation platform is the third business vertical within the holding company along with its Industrial Rubber vertical (Singer Equities) and its Rigging and Rental vertical (Bishop Lifting Products).  With this addition, SBP Holdings will increase its North America footprint to approximately 100 locations with over 1,300 employees.

Watts Steam Store, established in 2004 by owners Tracy & Stanley Watts, operates from three locations in Twin Falls and Idaho Falls, Idaho, and Ogden Utah with approximately 35 team members.  Watts Steam Store provides sales and repair services for all types of hydraulic products including hose, pumps, cylinders, and filtration, and manufactures, sells, and services a full line of industrial pressure washing equipment.  Watts Steam Store is the region’s leading expert in repair and clearly understands and responds to the urgency of customers’ requirements in several key markets including agriculture, construction, mobile equipment, and in-plant systems.  Watts will continue to manage the Watts Steam Store operation along with his brother Stanley Watts and expand the enterprise through organic growth and cooperation with other SBP Holdings companies.

SBP CEO Craig Osborne said, “We are truly excited about teaming up with Tracy and Stanley and the Team at Watts to continue to expand our fluid power offering and geographic footprint.  Fluid Power continues to be a large addressable market with tremendous opportunity for growth and there is no question we have a solid base and the ability to expand.”  Dakota Fluid Power President Rick Lindemann added “We are looking forward to having the Watts Team join our Fluid Power group!

Their reputation and business model of providing quality parts and service to their customers aligns very well with Dakota Fluid Power.”

Tracy Watts said, “I feel strongly that we have teamed up with the right group to continue the Watts Steam Store tradition of supporting customers.  We have a current relationship with companies within the SBP Holdings group and we look forward to expanding that over time.”

SBP Holdings provides mission-critical components, inspection and testing services, repairs, and specialized rental activities throughout North America.  More information can be provided by viewing www.staging-sbpholdingsmultisite.kinsta.cloud, www.singerequities.com, www.lifting.com, www.dakotafluidpower.com.

 

 

 

Jun 03

SBP HOLDINGS TO ACQUIRE KENCO HYDRAULICS

By Company Updates, Press Releases No Comments

June 2, 2021 — Dallas, Texas 

SBP Holdings has acquired Kenco Hydraulics and subsidiaries on Tuesday, June 1, 2021.  Kenco Hydraulics will operate within the fluid power/automation platform (Dakota Fluid Power) for SBP Holdings.  The fluid power/automation platform is the third business vertical within the holding company along with its Industrial Rubber vertical (Singer Equities) and its Rigging and Rental vertical (Bishop Lifting Products).  With this addition, SBP Holdings will increase its North America footprint to approximately 100 locations with over 1,300 employees.  

Kenco Hydraulics, established in 1989 by President Ken Veit, operates from a single location in Hatfield, PA with approximately 19 team members.  Kenco Hydraulics provides sales and repair services for all types of hydraulic products including hose, pumps, cylinders, and filtration.  Kenco Hydraulics is the regions leading expert in repair and clearly understands and responds to the urgency of customers’ requirements in several key markets including construction, mobile equipment, and in-plant systems.  Veit will continue to manage the Kenco Hydraulics operation and expand the enterprise through organic growth and cooperation with other SBP Holdings companies.     

SBP CEO Craig Osborne said, “We are truly excited about teaming up with Ken and the Team at Kenco Hydraulics to continue to expand our fluid power offering and geographic footprint.  Fluid Power continues to be a large addressable market with tremendous opportunity for growth and there is no question we have a solid base and the ability to expand.”  Dakota Fluid Power President Rick Lindemann added “We are looking forward to having Kenco Hydraulics join our Fluid Power group! 

Their reputation and business model of providing quality parts and service to their customers aligns very well with Dakota Fluid Power.” 

Ken Veit said, “I feel strongly that we have teamed up with the right group to continue Kenco Hydraulics tradition of supporting customers in the PA and NJ markets and beyond.  We have a current relationship with companies within the SBP Holdings group and we look forward to expanding that over time.” 

SBP Holdings provides mission-critical components, inspection and testing services, repairs and specialized rental activities throughout North America.  More information can be provided by viewing www.staging-sbpholdingsmultisite.kinsta.cloud, www.singerequities.com, www.lifting.com, www.dakotafluidpower.com.   

Mar 18

CRAIG OSBORNE NAMED PRESIDENT & CEO OF SBP HOLDINGS

By Company Updates, Press Releases, Uncategorized No Comments

CRAIG OSBORNE NAMED PRESIDENT & CEO OF SBP HOLDINGS

 

MARCH 18, 2021—HOUSTON, TEXAS

The Board of Directors of SBP Holdings is pleased to announce the appointment of Craig Osborne as the organization’s next President and CEO.  Osborne is a proven leader with broad industry experience including 8 years within SBP.  Since joining SBP in 2013, he has held various senior roles, including VP & CFO, and most recently as the company’s VP & COO.  Osborne holds an MBA from Northwestern University and a bachelor’s degree from Brigham Young University with prior experience at Thermo Fisher Scientific, McKesson, and Hewlett Packard.  Don Fritzinger, company President, and CEO since 2016, is now SBP’s Chairman and will remain engaged with the business and industry.

Osborne stated, “I am honored and energized by the opportunity.  We have a fantastic team and business model in place.  I look forward to continue growing organically and through opportunistic acquisitions.”

 

About SBP Holdings

Singer Equities, Bishop Lifting Products, and Dakota Fluid Power are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX, and through its 95 locations and over 1,300 employees, they provide industrial rubber, wire rope, rigging, fluid power products, and services to a broad range of industrial markets throughout North America. More information can be obtained at www.staging-sbpholdingsmultisite.kinsta.cloud, www.singerequities.com, www.lifting.com, and www.dakotafluidpower.com.

Nov 11

Bishop Lifting Products has Finalized the Acquisition of Louisiana Crane & Electrical Services, Inc.

By Press Releases No Comments

Houston, Tx – November 8, 2019 – Bishop Lifting Products is proud to announce the completed acquisition of Louisiana Crane & Electrical Services, Inc., headquartered in Broussard, Louisiana.

Louisiana Crane & Electrical Services Inc. is a major regional manufacturer of overhead cranes and mechanical handling solutions.  Louisiana Crane supplies, installs, services and maintains cranes and hoists throughout Louisiana, Arkansas, Texas and beyond.  Started over 20 years ago, Louisiana Crane & Electrical Services was founded on the principle that proper fabrication is the most important part of the crane system allowing them to be the leading crane fabricator in the Southeast.

Louisiana Crane offers 24 hour dispatching, preventative maintenance crane inspections and electrical services.

Harold King, President of Bishop Lifting Products, said “Louisiana Crane significantly expands and diversifies the crane fabrication and service divisions within our Company.  LA Crane will be a strong addition to our footprint in Louisiana.”

“We are certainly excited to become part of the Bishop Lifting Products team,” said Anthony Comeaux, President of Louisiana Crane.  “This acquisition provides for a great opportunity, not only for Louisiana Crane & Electrical Services, Inc., but for our many and loyal customers. This will allow us the opportunity to expand our product line and provide services to a greater region of the country.”

Bishop Lifting operates 7 locations within Louisiana, going to market as Delta Rigging & Tools, Morgan City Rentals, Matex, and Bishop Lifting Products.

 

Bishop Lifting Products, along with Singer Equities and Dakota Fluid Power, are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX and through its 98 locations provides industrial rubber, wire rope, rigging, fluid power products and services to a broad range of industrial markets throughout North America. More information can be obtained at  www.staging-sbpholdingsmultisite.kinsta.cloud, www.louisianacraneandelectrical.com,  www.lifting.com,  www.singerequities.com,  and www.dakotafluidpower.com.

Sep 27

Bishop Lifting Acquires Western Sling & Supply Company

By Press Releases

Houston, Texas — September 26, 2019 – Bishop Lifting Products announces that it has completed the acquisition of Western Sling & Supply Company.  Headquartered in the Denver, Colorado suburb of Sedalia, along with a branch operation in Casper, Wyoming, Western Sling & Supply Company is recognized as one of the leading providers of rigging and lifting equipment in the Rocky Mountain region of the US.  This acquisition expands Bishop Lifting’s presence in the Midwest regions of the US, along with broadening the company’s access to new end markets currently being serviced by Western Sling & Supply,

“Strategically, the acquisition of Western Sling complements and strengthens our existing operations in the Rocky Mountain region,” stated Harold King, Bishop Lifting President.  He also commented that “Western Sling & Supply, and its customers, should benefit from gaining access to the broad range of rental and custom engineered and fabricated lifting products offered by Bishop Lifting.”

Stan Truitt, President of Western Sling and Supply, states, “This union between Bishop and Western solidifies our mutual strengths in the energy, construction and manufacturing markets. We are excited to be part of the plan.”

Bishop Lifting, along with Singer Equities and Dakota Fluid Power, are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX. With 97 locations, SBP provides industrial rubber, wire rope, rigging, fluid power products and services to a broad range of industrial markets throughout North America. More information can be obtained at www.staging-sbpholdingsmultisite.kinsta.cloud, www.Lifting.com, and www.westernsling.com.

Jun 14

Bishop Lifting Products Has Completed the Acquisition of American Wire Rope & Sling

By Press Releases

Houston, Tx – June 14, 2019 — Bishop Lifting Products announces that it has finalized the acquisition of American Wire Rope & Sling (AWRS) headquartered in Fort Wayne, Indiana. Since its founding in 1933, AWRS has been a leader in providing rigging, lifting and overhead crane solutions in the Midwestern region of the United States. With its three locations in Indiana, and thirty-four employees, AWRS is a strong addition to Bishop Lifting Products portfolio of industry leading crane and rigging companies.

“We are excited about the acquisition of American Wire Rope and Sling. AWRS expands our geographic footprint into the upper Midwest area of the country. Moreover, the addition of AWRS enhances our existing capabilities by expanding our overhead crane manufacturing and service capabilities,” said Harold King, President of Bishop Lifting Products. AWRS shares in the Bishop Lifting Products philosophy of providing its customers the highest quality brands in the industry, along with unequaled value-added services, making them an excellent addition to our existing network of rigging companies.

Kyle Howard CEO of ECP American Steel, LLC states, “We are extremely excited to be joining the Bishop Lifting family. Being part of the Bishop Lifting family provides AWRS, and our customers, access to a broader line of lifting and rigging products and solutions. It opens up opportunities to expand into rigging rental and custom designed and fabricated lifting products. We are eager to introduce these new products, services, and solutions to our customers.”

Bishop Lifting, along with Singer Equities and Dakota Fluid Power, are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX and through its 92 locations provides industrial rubber, wire rope, rigging, fluid power products and services to a broad range of industrial markets throughout North America. More information can be obtained at www.staging-sbpholdingsmultisite.kinsta.cloud, www.Lifting.com, and www.awrsling.com.

May 30

SINGER EQUITIES ACQUIRES 4-STAR HOSE AND SUPPLY

By Company Updates, Press Releases, Uncategorized No Comments

Singer Equities, Inc. has acquired 4-STAR Hose and Supply headquartered in Dallas, TX. 4-STAR Hose and Supply distributes and fabricates industrial hose, hydraulic hose, metal hose, composite hose, fittings, valves and pumps out of their locations in Dallas, Fort Worth, Midland, Pleasanton and Cleburne, Texas. The business was founded in 1983 and has been owned by Keith, Kelly and Brent Culhane since 1992. 4-STAR has 70 full-time employees and serves a diverse customer base in the oil/gas, steel, chemical and food, and beverage markets.

All three owners, who have been active in the business, will remain and the business will continue operating under the 4-STAR Hose and Supply name. “Keith, Kelly, Brent and their team have built a profitable business by providing exceptional service throughout Texas and the surrounding region”, stated Sam Petillo, President of Singer Equities. Kelly Culhane stated, “The team at 4-STAR Hose is excited to partner with Singer Equities. We’ll be able to leverage Singer’s scale and product offering to better serve our customers.” Brent Culhane added, “Being part of the Singer family will provide new growth opportunities for 4-STAR and our employees. The addition of our five locations will expand Singer’s footprint in Texas.”

Singer Equities, along with Bishop Lifting Products and Dakota Fluid Power, are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX and through its 92 locations provides industrial rubber, wire rope, rigging, fluid power products and services to a broad range of industrial markets throughout North America. More information can be obtained at www.staging-sbpholdingsmultisite.kinsta.cloud and www.singerequities.com.