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.sbpholdings.com.