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.

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.

 

SBP Holdings to Acquire Dakota Fluid Power

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November 12, 2018-Houston, Texas — SBP Holdings will acquire Dakota Fluid Power and subsidiaries with closing scheduled for December 3, 2018. The Dakota Fluid Power operation will form the platform foundation for SBP Holdings entry into the Fluid Power repair and services industry forming a third business vertical within the holding company along with its Industrial Rubber vertical, Singer Equities and its Rigging and Rental vertical, Bishop Lifting Products. With this addition SBP Holdings will increase its North America footprint to 74 locations with over 1,300 employees.

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 President and CEO Don Fritzinger said, “We are truly excited about teaming up with Rick and Mike at Dakota Fluid Power to enter the fluid power market. It is a large addressable market with tremendous opportunity for growth and there is no question we have the right team as a foundation.”

Rick Lindemann and Mike Nelson of Dakota Fluid Power are excited about the opportunity SBP Holdings provides to continue to grow the foundation they have built. “We feel strongly that we have teamed up with the right group to continue DFP’s tradition of “Commitment to Customer Success”. We look forward to the opportunity to expand our presence in the Fluid Power Industry. We are also eager to work with our fellow companies in the SBP group.

SBP Holdings provides mission critical components, inspection and testing services, repairs and specialized rental activities throughout North America. More information can be provided by viewing www.sbpholdings.com, www.singerequities.com, www.lifting.com, www.dakotafluidpower.com.

Dakota Fluid Power will add 13 locations, 197 employees and 230,000 square feet of warehouse space to the company.

Bishop Lifting Products Acquires Safeway Slings USA

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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 FOSTER HOSE AND FITTINGS

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Singer Equities, Inc. has acquired Foster Hose and Fittings headquartered in St. Louis, MO.     The business was founded in 1928 and has been owned by Todd Sacco, Dale Schwartz and Rick Freeman since 2007.   Todd Sacco, who has been active in the business, will remain as Sales and Marketing Manager and the business will continue operating under the Foster Hose and Fittings name.

Foster Hose and Fittings is a distributor and fabricator of industrial hose, metal hose, silicone hose, hydraulic hose, fittings and expansion joints.  Foster serves a diverse customer base in the food and beverage, pharmaceutical, chemical and industrial manufacturing markets, primarily in the Midwest region.

“Todd Sacco and his team have built a profitable business through servicing a high-end customer base with exceptional customer service and quality products and services”, stated Sam Petillo, President of Singer Equities.  Adding, “We are very proud to welcome Foster to our team.  This acquisition strengthens our core competence in industrial hose and expands our share in the food and beverage and chemical markets”.  Todd Sacco said, “Singer provides the best cultural fit for Foster’s employees, customers and growth strategies.  We will continue to market our products and services under the Foster Hose and Fittings name and will strengthen our hose business through collaboration with the other Singer companies.”

Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX and through its 60 locations provides industrial rubber, wire rope, rigging 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.

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

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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