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December 2013

Singer Equities Acquires Cumberland Valve

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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.sbpholdings.com.