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COVID-19 Update

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THE HEALTH AND SAFETY OF EVERYONE REMAINS OUR TOP PRIORITY.  

Like all of you, we are assessing the situation surrounding Coronavirus (COVID-19) and its impact on our business and industry. Please be assured we are committed to maintaining our high level of service, while protecting the health of our employees, our customers and our community. We want to let you know that as of this date we have not had any significant disruption in our supply chain or our ability to service our customer’s requests, orders or shipments.

We continue to carefully reviewed the local, state and federal directives and guidance related to the COVID-19 crisis.  At this time we remain an essential business that must continue its operations.  Our work is critical to ensure continuity of its service and support of essential infrastructure and essential businesses, including health care facilities, food and beverage processing facilities, hospitals, lab facilities, industrial facilities such as municipal water and wastewater treatment facilities that have critical reliance on safe, clean, reliable water.

Besides monitoring the situation, we are also taking the following active measures to reduce the impact to our customers:

  • We are following all recommended strategies issued by the CDC to keep our employees safe and healthy, including allowing employees to work from home whenever possible and rotating shifts to limit person-to-person contact.
  • We are asking our suppliers and customers to limit their visits to our facilities whenever possible as we are committed to maintaining a safe working environment for all of our employees.
  • We are in constant communication with our suppliers in China and Japan to ensure we react immediately to any disruption in our supply chain.
  • We remain readily available to help you address any specific concerns. Our Inside Sales and Outside Sales teams, Service Departments, Accounting and Shipping Departments are all functioning without disruption.
  • We will employ available technologies to provide remote assistance wherever possible.
  • We will remain proactive and update you as necessary.  Please send us an email or call us with any concerns or questions you may have.

In these unique times, our company and our Team joins with everyone to support our community and neighbors. We appreciate your business and understanding during this global health emergency.

SINGER EQUITIES ACQUIRES 4-STAR HOSE AND SUPPLY

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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.sbpholdings.com and www.singerequities.com.

Sam Petillo Begins Term as NAHAD President

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Sam Petillo Begins Term as NAHAD President

Sam Petillo, president of Singer Equities Inc., was recently elected to serve as president of NAHAD, the Association for Hose and Hose Accessories Distribution.

NAHAD is the only trade association dedicated to the hose industry, whose mission is to promote quality, safety, and profitability amongst leading manufacturers and distributors. Petillo assumes the presidency after serving multiple leadership roles with the association, including on the executive committee, the board of directors, and numerous committees.

“I am honored to be a part of NAHAD and to serve as president this year,” said Petillo. “I served on the NAHAD board both as a manufacturer and a distributor, and I feel I bring a unique perspective on the value NAHAD provides related to networking, education, and most importantly, our commitment to hose safety and the Hose Safety Institute.”

Bishop Lifting Has Completed the Acquisition of Woods Logging and Industrial Supply

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Houston, TX – February 1, 2019 — Bishop Lifting Products completed the acquisition of Woods Logging and Industrial Supply based out of Longview, Washington.   Since 1978, Woods Logging has specialized in servicing the logging, marine and construction industries with spooling services, rigging products, wire rope and hydraulic solutions.

“Today’s announcement is continued support of our company-wide goal of geographic and end market diversification,” said Harold King, President of Bishop Lifting.  He continued, “Woods Logging has a long history of professional sales and service within the area, making them a great addition to our team.”

Mick White, President of Woods Logging, states, “We’re excited to join the Bishop Lifting and SBP Holdings family of companies and its large national footprint of companies focused on rigging, rubber and fluid power products.”

This growth will allow Bishop Lifting to continue to expand its national footprint to the Pacific Northwest. From on-site inspections to rigging services and wire rope delivery to marine terminals, Woods Logging provides high performance wire rope for cranes, as well as, wire rope and chain slings for the Logging, Maritime and Construction industries.

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 86 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, www.lifting.com, www.singerequities.com, and www.dakotafluidpower.com

SINGER EQUITIES ACQUIRES QUALITY CONVEYOR SOLUTIONS

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February 1, 2019

SINGER EQUITIES ACQUIRES QUALITY CONVEYOR SOLUTIONS

Singer Equities, Inc. has acquired Quality Conveyor Solutions, LLC (QCS) headquartered in Roanoke, VA.  QCS provides conveyor belt, accessories and field services including installation and mobile maintenance out of their locations in Roanoke, Covington & Richmond, VA, Baltimore, MD, Rocky Mount, NC, and Kingsport, TN.  QCS serves multiple markets including aggregate, pulp and paper, power generation and cement.

The business, founded in 2016, will continue operating under the QCS name.  Owners Aaron Atwell, Bill Bettridge, Junior Purdue, Doug Stanley and Geoff Emery will continue in their key management roles.  Aaron Atwell will be Vice President and General Manager of QCS and merge operations with Virginia Carolina Belting, a division of Singer Equities based in Salem, VA.

Sam Petillo, President of Singer Equities, said “Aaron, Bill and their 37 employees have significantly grown the business in a short period of time.  We are excited to add their knowledge base and conveyor service experience to the Singer family.”  Aaron Atwell said “Unifying QCS and VCB, combined with Singer’s conveyor services out of RW Connection in Lancaster, PA will make us the strongest belt service company in the mid-Atlantic Region.”  Bill Bettridge, VP Mid-Atlantic Region added, “Singer provides us the right cultural fit and support to fuel our expansion in the region and beyond”.

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 86 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.

Bishop Lifting Products Acquires Safeway Slings USA

By | Company Updates, Press Releases

HOUSTON – (April 2, 2018) — Bishop Lifting has acquired Safeway Sling USA, a sling fabrication company headquartered in Greendale, Wisconsin. Safeway Sling USA is a manufacturer of 100% USA made nylon and polyester lifting slings as well as wire rope slings, chain slings, and tie-down assemblies that meet all WSTDA standards.

Safeway Sling USA, Inc. has a proven record of excellence in designing and fabricating 100% USA made lifting slings for 40 years and has gained recognition as the “Gold Standard” for overhead lifting slings.Harold King, President of Bishop Lifting Products, stated that “we are excited with the addition of Safeway Sling to our family of companies. Safeway Sling has a proven track record in our industry of supplying the highest quality synthetic slings with the highest level of service. They will make a great addition to our team.”

Sue Szymczak, President of Safeway Sling USA, added that “We feel that BLP is the ideal fit to carry on our legacy of excellence.”Along with manufacturing synthetic and metal lifting slings, Safeway provides certifying/recertifying services of overhead lifting assemblies with in-house ASTM E-4 calibrated testing capabilities. Bishop Lifting operates 70 test beds throughout their 21 locations with pull test capacities ranging from 100K-1500K metric tons.Bishop Lifting Products, along with Singer Equities, are wholly owned subsidiaries of SBP Holdings. Bishop Lifting is engaged in the fabrication, distribution and rental of wire rope, sling and rigging products and services. Singer Equities specializes in industrial hose, hydraulic hose, conveyor belt and gasket material fabrication and services.

The combined entity has 61 locations throughout North America with over 1080 employees.More information can be found at www.sbpholdings.com, www.safewaysling.com, and www.lifting.com.

SBP Holdings Announces Formal Creation of SBP OnGuard™ Foundation

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We are pleased to announce the formal creation of our SBP OnGuard™ Foundation which would provide funding to designated  associates in the event of a declared natural disaster with contributions and distributions compliant under 501 (c) (3) of the Internal Revenue Code.  The process would allow all contributions to go to individuals affected without income tax consequences and allow donors to deduct contributions for tax purposes.

In an effort to keep administration expenses to a minimum and meeting all non-profit, non-stock corporation mandates, our company will accrue for funding into the account and in the event of such a declared natural disaster, fund the account and open the Foundation for outside contributions to be made and promptly distributed to those in need.

The outpouring of support for our associates adversely affected by Hurricane Harvey in Houston provided the impetus for this SBP OnGuard™ Foundation.

Thank you very much for the support of those in need.

 

Sincerely,

Donald S. Fritzinger

SINGER EQUITIES ACQUIRES SMITH INDUSTRIAL RUBBER & PLASTICS INC.

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February 1, 2018 — Singer Equities, Inc. has acquired Smith Industrial Rubber & Plastics Inc. headquartered in Rockford, Illinois. Smith Industrial is a distributor and fabricator of hydraulic hose and fittings, conveyor belting, industrial hose, sheet rubber and die cut parts from plastic and rubber. The business was founded in the 1940s as a division of Smith Oil Corp. who was a dominant distributor of petroleum, rubber products and select automotive parts through most of the 20th century in the Rock River valley. Current owners Scott Greenfield and Tom Rudnicki were originally salesmen for Smith Industrial Rubber. Tom Rudnicki will remain as General Manager and will continue operating under the Smith Industrial Rubber and Plastics name.
“Scott Greenfield, Tom Rudnicki and their team have built a reputable rubber distribution business over the past 30 years and have earned that through their value-add product offerings and dedication to customer service”, stated Sam Petillo, President of Singer Equities. Adding, “We are very excited and proud to have Smith Industrial Rubber & Plastics join the Singer Equities team and expand our geographic footprint into Illinois. The addition of Smith Industrial further diversifies our customer base.” Rudnicki said, “Through this partnership with Singer we maintain our name, identity and business model that enabled Smith’s growth over the past 75 years. We plan to leverage Singer’s strength in the rubber industry to hasten the pace of our growth in the Midwest.”

Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holdings. Singer Equities specializes in industrial hose, hydraulic hose, conveyor belt and gasket material fabrication and services. Bishop Lifting is engaged in the fabrication, distribution and rental of wire rope and rigging products and services. The combined entity has 58 locations throughout North America with over 1050 employees. More information can be obtained at www.sbpholdings.com and www.singerequities.com.

PRC Industrial Supply Acquires ACE Conveyor Services

By | Company Updates, Press Releases

Portland, ME: PRC Industrial Supply, headquartered in Portland ME, today announced a deal with ACE  Conveyor Services of Belgrade, ME to acquire all of its assets and hire its entire staff effective immediately.  The move comes after negotiations between the two companies over the past few months.  Vice President and GM of PRC, Kevin Easler, says it was mutual respect that made this deal possible.  “As customers across New England are increasingly coming to PRC for their conveyor belt requirements, we realized we needed more help,” he said. “Tom and his crew are hard working and well respected throughout New England. Tom and I both realized by joining forces we could achieve our shared mission for continued long term growth as well as provide long term growth opportunities for our co-workers. ”

Hudson, President and founder of ACE Conveyor Services, was equally pleased with the outcome of the negotiations.  “I built my company over the past 20 years from the ground up, and trained many vulcanizing technicians over the years,” he said.  “We’ve stayed small, and that has made us nimble and very efficient at what we do, but it has come at the cost of growing to a sustainable level.” As part of the deal, Hudson, who has over 35 years in the industrial rubber business, will help facilitate PRC’s long term growth strategy as well as become a sales and service rep. for PRC. Tom will be reaching out to all of his customers in the coming days to answer any questions they may have.

PRC Industrial Supply, established in 1895 formerly known as Portland Rubber Company, is a sales and service company, specializing in conveyor belt, industrial hose and fluid power components. With 3 locations and 28 employees, the company offers a full range of services including on-site conveyor belt installations, Industrial Hose as well as in-house repairs of hydraulic pumps, motors, valves, and cylinders. PRC Industrial Supply has locations in Portland and Bangor, ME., and Burlington, MA. (dba Stewart Hunt).

PRC Industrial Supply is a wholly owned subsidiary of Singer Equities and SBP Holdings, headquartered in Houston, TX and through its 58 locations provides industrial rubber and wire rope and rigging products and services to a broad range of industrial end markets throughout the United States and Canada.

More information can be obtained at www.prcindustrial.com , www.sbpholdings.com , and www.singerequities.com

 

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SBP Holdings – Hurricane Harvey Efforts and Relief Fund – UPDATE

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To:      Our Friends, Colleagues, Supplier Partners and Supporters

Of the 225 SBP Holdings employees in the Houston area, 42 were directly impacted; 12 of whom experienced significant damage to their property.  Many of these employees and their families were displaced from their homes for several days and personal property / vehicles were destroyed.

The “Go Fund Me” account created for donations to support the SBP Employees Hurricane Harvey relief effort generated a greatly appreciated outpouring of support.  The compassion and generosity of our co-workers, supplier partners, industry colleagues, Board members and our AEA Investors equity partners has been tremendous. We are pleased to announce that over $104k was collected.  These generous donations made it possible for us to provide assistance to all 42 employees impacted at Bishop Lifting Products, Delta Rigging & Tools and National Hose.

We are creating the SBP Holdings Foundation to continue our path of protecting our teammates in the event of future disasters and extend our outreach to protect our most valued assets.

On behalf of all the employees at SBP Holdings and especially the 42 families that received your donations, we would like to express our heartfelt thank you for your generosity.    We continue to appreciate and value your partnership and support!

Sincerely,

 

 

 

Don Fritzinger

CEO