Monthly Archives

December 2018

SBP Finalizes Acquisition of Dakota Fluid Power

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December 5, 2018-Houston, Texas — SBP Holdings completes acquisition of Dakota Fluid Power on December 3, 2018.  The Dakota Fluid Power operation forms the Fluid Power vertical for SBP Holdings in addition to Industrial Rubber vertical with Singer Equities and Rigging & Rental vertical with Bishop Lifting Products.

Dakota Fluid Power established in 1991 by President, Rick Lindemann, and his partner and Vice President, Mike Nelson, is headquartered in Sioux Falls, SD and has grown to 13 locations and 197 associates in the upper Midwest U.S. with operations in North and South Dakota, Nebraska, Minnesota and Wisconsin. The Dakota Fluid Power organization provides hydraulic and pneumatic components and machinery along with service and repairs through it operations and subsidiaries Prairie Truck Equipment, Midway Machining, Engineered Products, Y2K Filtration, OEM Manufacturing and ASI Hydraulics. DFP is the region’s leading hydraulic expert in a variety of industries notably agriculture, on and off highway construction, municipalities, utilities, waste, food processing, wind energy, mining and oil and gas. Lindemann and Nelson will continue to manage the DFP operation and expand the enterprise through acquisition and organic means.

SBP Holdings provides industrial rubber, wire rope, rigging, fluid power products and services to a broad range of industrial markets at 76 locations throughout North America.  More information can be provided by viewing www.sbpholdings.com, www.singerequities.com, www.lifting.com, www.dakotafluidpower.com.

 

SINGER EQUITIES ACQUIRES CONNECTALL LTD

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SINGER EQUITIES ACQUIRES CONNECTALL LTD

Singer Equities, Inc. has acquired Connectall Ltd headquartered in Laval, QC Canada. The business was founded in 1994 and is owned by Frank D’Avola and Michel Bourque. Frank and Michel will remain with the business which will continue operating under the Connectall name.

Connectall is a fabricator and distributor of metal, hydraulic, Teflon, silicone and industrial hoses, as well as, expansion joints and fittings. Connectall serves multiple markets including transportation, HVAC, pharmaceutical, industrial and petrochemical through their Laval, QC and Plattsburgh, NY facilities.

“Frank, Michel and their 27 employees have built a profitable business by providing high-quality products and services to a diverse customer base”, stated Sam Petillo, President of Singer Equities. Adding, “They are a strong cultural fit within the Singer Equities group.” Michel Bourque said, “We are very proud and excited to be part of the Singer group of companies. We have been a successful company and now that we have new ownership, we are enthusiastically looking forward to the opportunities that await us.” Frank D’Avola added, “Singer’s approach to ownership drove our decision to join their family. The advantage of sharing best practices, improved buying power, and their strategic locations will speed our growth and expansion.”

Singer Equities, along with Bishop Lifting Products and Dakota Fluid Power, are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX. Through its 76 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.sbpholdings.com and www.singerequities.com.