Uncategorized

Houston, TX — March 27, 2014 – SBP Holdings, through its wholly owned subsidiary Bishop Lifting Products, has completed the acquisition of Delta Rigging & Tools headquartered in Houston, TX.

Bishop Lifting Products and Delta Rigging & Tools specialize in the fabrication and distribution of slings, wire rope and rigging products, crane and rigging inspection services, engineered solutions, and equipment rentals. The combined Company will go to market under the brands Bishop Lifting Products, Delta Rigging & Tools, Delta Rentals & Rigging, and Morgan City Rentals. The Company currently operates 23 branches in Texas, Louisiana, Oklahoma, Kansas, Colorado and North Dakota with over 700 employees.

Derrick Deakins, President of Bishop Lifting Products, states, “the combination of Bishop Lifting and Delta will bring great value to our customers. The wide spectrum of products and services, extended geographic footprint, and technical expertise created by the acquisition positions Bishop Lifting Products to become the clear leader in the wire rope and rigging industry. The addition of rental equipment services will be a new offering that will benefit the combined customer base.”

About SBP Holdings:
SBP Holdings is one of the nation’s leading specialty distribution groups focusing on the sale and rental of wire rope and rigging products through Bishop Lifting Products and the sale of industrial rubber products through Singer Equities. SBP Holdings is a portfolio company of AEA Investors based in New York City. For more information, go to www.staging-sbpholdingsmultisite.kinsta.cloud.

DECEMBER 20, 2013—GLEN BURNIE, MD—Singer Equities, Inc. has acquired Cumberland Valve headquartered in Bridgeton, New Jersey.  Cumberland Valve, founded in 1980, specializes in industrial and hydraulic hose fabrication as well as valves and fittings supporting the diverse end markets of the greater Delaware Valley and southern New Jersey region.  Tom Davis, a veteran of 24 years with the business, will continue as General Manager and operate with its present staff going to market under its current Cumberland Valve name.  The business will operate as a division of R W Connection, headquartered in Landisville, PA which has grown to 10 locations in the region and it’s first in New Jersey.  Tom Davis will report to Scott Priestner, VP and Northeast Regional Manager for Singer Equities.

Scott Priestner said, “Tom Davis and his team have helped Bruce Riley build a solid business in the region and we are excited to have them join our RW Connection organization. We look forward to expanding the product lines, increasing the fabrication and testing services as well as inventory to expand our market share in the Philadelphia, Northern Delaware and southern New Jersey region.” Bruce Riley added, “After starting Cumberland Valve 33 years ago, it gives my wife Debby and I, great pleasure to have   RW Connection take ownership of our company.  RW Connection’s leadership will ensure the future success of Cumberland Valve and its very loyal employees which is paramount.  We wish Cumberland Valve, the employees and our customers continued success in the future.”

Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holdings and through its 40 locations provide industrial rubber and wire rope and rigging products to a variety of industrial end markets.  More information can be obtained at www.staging-sbpholdingsmultisite.kinsta.cloud.

June 3, 2013- Glen Burnie, MD— Singer Equities, Inc. has acquired the operating assets of Stewart-Hunt, Inc. based in Burlington, MA.  Founded in 1956, Stewart-Hunt is a leading fluid power distributor specializing in the sales, service, testing and repair of hydraulic pumps, motors, cylinders and various other hydraulic components.  The company will operate as a division of PRC Industrial Supply headquartered in Portland, ME with a branch location in Bangor.  Nelson Smith and Jim Hunt, previous owners of Stewart-Hunt, will remain with the company and report to Kevin Easler, Vice President and General Manager of PRC Industrial.

“We are thrilled to have the Stewart-Hunt team as part of our New England operation which will provide vertical integration to our existing fluid power business in Bangor, ME.  In addition, their suburban Boston location will lower PRC’s center of gravity to access core New England markets,” said Don Fritzinger, President of Singer Equities.

PRC Industrial Supply is a platform business of Singer Equities, specializing in the value added services within the industrial and hydraulic hose, conveyor belt and gasket markets.  Stewart-Hunt is the company’s 33rd location and first truly integrated fluid power business.  More information on the businesses and their operations can be obtained at www.singerequities.com.

DECEMBER 28, 2012- GLEN BURNIE, MD – Singer Equities, Inc. has acquired the operating assets of Summers Rubber Company based in Cleveland, Ohio.  Founded in 1949 and operating through eight locations in Ohio and Pennsylvania, Summers Rubber is recognized as one of the premier industrial rubber distributors in the country.  Specializing in the fabrication of hydraulic, industrial, and metal hose assemblies, inspection, testing, and certification services, the business   will operate as Singer’s eighth platform company and will continue to go to market under the “Summers Rubber” brand.  Frank Tiernay, a seasoned veteran of the distribution industry, will continue as Vice President/ General Manager reporting to Don Fritzinger, president of Singer Equities.

“Mike has gathered an exceptionally talented group of individuals and we are extremely excited about the opportunity to carry on their legacy,” said Fritzinger. “This acquisition compliments our strategy and establishes a solid Singer footprint in the Ohio market”. Added Mike Summers, “Three generations of Summers are proud to hand the reins to Singer to lead the next round of growth and service to our customers”.

Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holdings LP and through 40 locations provide wire rope and rigging products and industrial rubber products to a variety of industrial end markets.  More information can be obtained at www.sbpholding.com.

Glen Burnie, MD      September 7, 2012

Singer Equities has acquired Industrial and Marine Equipment Co., Inc. with headquarters in New Orleans, Louisiana. Industrial and Marine, founded in 1947, is a leading distributor of hydraulic and pneumatic components to the oil and gas, marine and industrial marketplace in the Gulf Coast Region.  Services include hydraulic hose, industrial hose, metal hose and expansion joint fabrication, certification and testing.  The company will continue to operate as Industrial and Marine Equipment and will be a part of Spartan Industrial Products with locations in Belle Chasse, Houma, Broussard and Golden Meadow, Louisiana.

Singer Equities is a group of value added distributors of industrial rubber products and services and as a result of the merger with Bishop Lifting Products, which specializes in the distribution of lifting and rigging products, testing and fabricating services, recently formed SBP Holdings LP, the parent company. SBP Holdings LP with 30 locations throughout the country serves the construction, oil/gas, marine, defense, food, agricultural and specialized OEM industries providing intricate assembly, testing, certifications, field inspection and installation services in high pressure and critical service applications.  Singer Equities President Don Fritzinger said “Industrial and Marine Equipment provides a strong strategic fit for our organization and we are pleased Paul Haworth, Daniel Haworth and their entire team will remain with our growing organization.”

For further information please visit www.singerequities.com and www.lifting.com.

July 18, 2012—AEA Investors, one of the oldest private equity groups in the U.S., has formed SB Holdings to combine Singer Equities with the acquisition of Bishop Lifting Products.  Both groups provide high value added products used in the industrial distribution market sector.

Bishop Lifting Products, operating through eight locations, is engaged in the business of fabricating and distributing wire rope and synthetic slings, wire rope, rigging hardware and other lifting products and providing engineering, consulting, maintenance, repair, inspection, testing, certification, tracking, and steel fabrication services to the industrial marketplace, focusing on the energy sector.

Singer Equities, an AEA portfolio company, and its subsidiaries and affiliates are engaged in the business of distributing industrial rubber products including industrial, metal, and hydraulic hose and fittings, conveyor belting, gaskets, and other industrial products.  Through its twenty two locations they also offer a full array of value added services which include fabrication, conveyor belt installation, gasket cutting, kitting, testing, tracking, and certification.

“Bringing these two groups together under one umbrella made sense when considering common customer types, economies of scale, and cross selling opportunities. Jeff Bishop will continue as president of Bishop Lifting Products and Don Fritzinger remains president of Singer Equities, with both groups continuing as independent entities executing on their respective strategies in their industries and taking advantage of the consolidation opportunities that are so prevalent in both spaces”, said Otis Dufrene, CEO of SB Holdings and a forty plus year veteran of the industry.

For more information,  please contact Jeff Bishop at 713-674-2266, Don Fritzinger at 717-808-9425, or Otis Dufrene at 443-831-6357.