SBP Holdings is Joining Forces With Catawba & Coastal

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SBP HOLDINGS IS JOINING FORCES WITH CATAWBA INDUSTRIAL RUBBER COMPANY, INC. AND COASTAL HOSE & RUBBER, INC.

August 31, 2022 — Dallas, Texas

On Wednesday, August 31, 2022, SBP Holdings joined forces with Catawba Industrial Rubber Company, Inc. and Coastal Hose & Rubber, Inc.  Catawba / Coastal will operate within the Singer Hose and Rubber Division of SBP Holdings.  With this addition, SBP Holdings will increase its North America footprint to approximately 78 locations with over 1,000 employees.

Catawba Industrial, established in 1963 has been owned and operated by husband-and-wife team Marvin (Skip) and Pam Bruce since 1999.  The business operates from two locations in Charlotte, NC (Catawba Industrial Rubber) and Wilmington, NC (Coastal Hose & Rubber).  Catawba Industrial is the region’s leading expert in industrial hose, specialty gasket, and industrial belting and clearly understands and responds to the urgency of customers’ requirements.  The business operates in several key markets including general industrial, construction, chemical, and resale.  Skip and Pam, who plan to retire within a year, will continue to manage the operation during the transition and plans are in place to expand the enterprise through organic growth and cooperation with other SBP Holdings companies.

Skip Bruce said, “We have been proud to serve the Carolinas for decades.  We are extremely confident that this transition will benefit our employees as well as our customers by providing the same excellent sales and service while providing a stronger network and expanded offerings.”  Skip and Pam were represented by Viking Mergers & Acquisitions.

SBP CEO Craig Osborne said, “We are truly excited about teaming up with Skip, Pam, and the Team at Catawba Industrial to grow our presence in the Southeast.  Industrial hose and specialty gaskets continue to be a large addressable market with tremendous opportunity for growth and there is no question we have a solid base and the ability to expand.”

Singer Hose and Rubber Division President Sam Petillo added “Skip, Pam and the Catawba Industrial team have built a profitable business by providing exceptional service to their diversified customer base. We are very excited to have them join our team.”

SBP Holdings accelerates business with industrial solutions by providing hose, rubber, belt, fluid power and automation products and services throughout North America.

More information can be provided by viewing www.sbpholdings.com, www.singerequities.com, http://catawbarubber.com

SBP Holdings Joins Forces With Mattson Distributing Company

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SBP Holdings Is Joining Forces With Mattson Distributing Company

 

August 1, 2022 — Dallas, Texas

 

On Monday August 1, 2022 SBP Holdings has joined forces with Mattson Distributing Company.  Mattson will operate within the Fluid Power & Automation Division of SBP Holdings.  With this addition SBP Holdings will increase its North America footprint to approximately 70 locations with over 1,000 employees.

 

Mattson Distribution, established in 1957 has been owned and operated by husband-and-wife team Gary and Susie Mattson.  The business operates from one location in Boise, Idaho.  Mattson sells and services a full line of industrial pressure washing equipment.  Mattson is the region’s leading expert in repair and clearly understands and responds to the urgency of customers’ requirements in several key markets including agriculture, construction, mobile equipment and in plant systems.  Gary and Susie will continue to manage the operation during the transition and plans are in place to expand the enterprise through organic growth and cooperation with other SBP Holdings companies. Gary Mattson said, “We have been proud to serve the Treasure Valley over the past 65 years and are extremely confident that this transition will benefit our customers as well as our employees by providing the same excellent sales and service while providing a stronger network and expanded offerings.”

 

SBP CEO Craig Osborne said, “We are truly excited about teaming up with and Gary and Susie and the Team at Mattson to grow our presence in the rapidly growing Boise market.  Fluid Power continues to be a large addressable market with tremendous opportunity for growth and there is no question we have a solid base and the ability to expand.”  SBP Fluid Power President Scott Wojciak added “Joining forces with Gary, Susie and the entire Mattson team improves our already strong position with Watts Steam Store and will drive further growth and innovation in the Boise Region creating more value for our employees, customers and stake holders.  We are really excited about what the future will bring.”

 

Watts Steam Store President Tracy Watts said, “We have a current relationship with Mattson and their team and customers, and we look forward to expanding that over time.”

 

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.dakotafluidpower.com, www.wattssteamstore.com, www.hotsyidaho.com

Scott Wojciak Named SBP Fluid Power Division President

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May 3rd, 2022 – Dallas, Texas

SBP Holdings is pleased to announce the hiring of Scott Wojciak as President of the Fluid Power Division for SBP Holdings.  In his new role, Scott will become part of the senior leadership team of the company and will have responsibility for our current businesses within the fluid power space: Dakota Fluid Power, Kenco Hydraulics, Watts Steam and HydraFab.  Scott has been in the fluid power industry for nearly 30 years, most recently as Central Area Director for Kaman Fluid Power within Motion Industries. Scott was also part of BW Rogers as VP of Sales before it was acquired by Kaman.  He served in the US Army and earned a degree from University of Akron in Engineering.

“We are very excited to have Scott join the team.  With this addition, we look to rapidly accelerate our acquisition activities and organic growth within the Fluid Power space”, said Craig Osborne, President and CEO of SBP Holdings.

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

SBP Holdings Acquires HydraFab LLC

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 SBP Holdings acquired Hydrafab LLC on Tuesday March 1, 2022. Hydrafab will operate within the fluid power / automation platform (Dakota Fluid Power) for SBP Holdings. The fluid power / automation vertical of SBP Holdings is one of two platform businesses along with its Industrial Rubber vertical (Singer Equities). With this addition SBP Holdings will increase its North America footprint to approximately 70 locations with over 1000 employees. 

Hydrafab LLC was established in 2007 by Founders Mark and Amy Hlad, operates from one location in Green River, WY with approximately 14 team members. Hydrafab provides repair services, fabrication and sales for all types of hydraulic products including pumps, valves, and cylinders. Hydrafab is a leading expert in repair in the mining operations of WY and clearly understands and responds to the urgency of customers’ requirements. Key markets include mining, construction equipment and in plant systems. The Hlad’s will continue to manage the Hydrafab operation and expand the enterprise through organic growth and cooperation with other SBP Holdings companies. 

SBP CEO Craig Osborne said, “We are truly excited about teaming up with Mark and Amy and the Team at Hydrafab to continue to expand our fluid power offering and geographic footprint. Fluid Power continues to be a large addressable market with tremendous opportunity for growth and there is no question we have a solid base and the ability to expand.” Dakota Fluid Power President Rick Lindemann added “We are looking forward to having the Hydrafab Team join our Fluid Power group! Their reputation and business model of providing fast turnaround and quality service to their customers, aligns very well with the other companies in our platform.” 

Mark Hlad said, “I feel strongly that we have teamed up with the right group to continue the Hydrafab tradition of supporting customers.” 

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

SBP Holdings Sells Bishop Lifting Products, Inc. to Altamont Capital Partners

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Dallas, TX – SBP Holdings completes the sale of Houston-based Bishop Lifting Products, Inc (BLP) – a group of value-added distributors of lifting products and specialty rental equipment.  The transaction encompasses the entire BLP business.  Following the transaction, SBP Holdings will be comprised of two divisions with significant organic and acquisition growth opportunities: Industrial Hose & Rubber and Fluid Power & Automation.

“This transaction enables us to focus and align our attention and efforts on our two core businesses and markets.  Both the Industrial Hose & Rubber and Fluid Power & Automation divisions have natural customer and vendor overlap and synergies, and we look to continue aggressive acquisitions in those segments to accelerate growth,” said Craig Osborne, CEO of SBP Holdings.  “I thank Harold King and the entire Bishop Lifting team for their contributions to the SBP platform over the years and wish them continued success as they move forward with their new partner.”

Following the transaction, Osborne will remain CEO of SBP Holdings and the leadership team will remain unchanged.

About SBP Holdings

Singer Equities, Inc. and Dakota Fluid Power, Inc. are wholly owned subsidiaries of SBP Holdings, headquartered in Dallas, TX.  SBP Holdings is a group of value-added distributorships in the industrial rubber, hose, fluid power, and automation industries.  Our primary objective is to provide mission-critical components to a broad range of industrial markets throughout North America.  SBP is focused on organic expansion and the acquisition of well-managed businesses where significant operating changes are not necessary.  We believe that good companies are the result of good management.  Our philosophy is to allow business leaders to remain and operate the businesses, affording them a tremendous level of responsibility, authority, and autonomy.

SINGER EQUITIES ACQUIRES OB&E RUBBER COMPANY

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SINGER EQUITIES ACQUIRES OB&E RUBBER COMPANY
Singer Equities, Inc. has acquired OB&E Rubber Company, headquartered in Jeffersonville, IN. OB&E Rubber provides heavy-duty conveyor belts, accessories, and field services including installation and conveyor maintenance out of their Indiana location. OB&E serves multiple markets including power generation, aggregate, recycling and resell.

The business, founded in 1952 and in its third generation of ownership, will continue operating under the OB&E Rubber name. Owners Nathan and Joe Endris will continue in their key management roles. “OB&E expands Singer’s footprint and potential in the Midwest, which complements the company’s conveyor service in the Mid-Atlantic and Northeast”, said owner Nathan Endris. Joe Endris added, “We believe partnering with Singer Equities is the best decision for our company, employees, and culture.”

Craig Osborne, SBP Holdings CEO stated, “OB&E’s customer-centric focus will help strengthen our ability to service new and existing customers in the Midwest region.” Sam Petillo, President of Singer Equities, added “We are excited to add OB&E’s decades of knowledge, product expertise, and conveyor installation experience to the Singer family.”

Singer Equities, along with Bishop Lifting Products and Dakota Fluid Power, are wholly owned subsidiaries of SBP Holdings, headquartered in Dallas, TX. With this addition, SBP Holdings will increase its North American footprint to 95 locations with over 1,300 employees. 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.comwww.singerequities.comwww.lifting.comwww.dakotafluidpower.com

SBP HOLDINGS TO ACQUIRE WATTS STEAM STORE / WATTS MACHINE

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SBP HOLDINGS TO ACQUIRE WATTS STEAM STORE / WATTS MACHINE

December 1, 2021 — Dallas, Texas

SBP Holdings has acquired Watts Steam Store and subsidiaries on Wednesday, Dec 1, 2021.  Watts Steam Store will operate within the fluid power/automation platform (Dakota Fluid Power) for SBP Holdings.  The fluid power/automation platform is the 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 approximately 100 locations with over 1,300 employees.

Watts Steam Store, established in 2004 by owners Tracy & Stanley Watts, operates from three locations in Twin Falls and Idaho Falls, Idaho, and Ogden Utah with approximately 35 team members.  Watts Steam Store provides sales and repair services for all types of hydraulic products including hose, pumps, cylinders, and filtration, and manufactures, sells, and services a full line of industrial pressure washing equipment.  Watts Steam Store is the region’s leading expert in repair and clearly understands and responds to the urgency of customers’ requirements in several key markets including agriculture, construction, mobile equipment, and in-plant systems.  Watts will continue to manage the Watts Steam Store operation along with his brother Stanley Watts and expand the enterprise through organic growth and cooperation with other SBP Holdings companies.

SBP CEO Craig Osborne said, “We are truly excited about teaming up with Tracy and Stanley and the Team at Watts to continue to expand our fluid power offering and geographic footprint.  Fluid Power continues to be a large addressable market with tremendous opportunity for growth and there is no question we have a solid base and the ability to expand.”  Dakota Fluid Power President Rick Lindemann added “We are looking forward to having the Watts Team join our Fluid Power group!

Their reputation and business model of providing quality parts and service to their customers aligns very well with Dakota Fluid Power.”

Tracy Watts said, “I feel strongly that we have teamed up with the right group to continue the Watts Steam Store tradition of supporting customers.  We have a current relationship with companies within the SBP Holdings group and we look forward to expanding that over time.”

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.

 

 

 

THE ONGUARD FOUNDATION HELPING THOSE IMPACTED BY HURRICANE IDA

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A Message From SBP Holdings CEO, Craig Osborne

Last week our Louisiana team experienced a true disaster with Hurricane Ida. First of all, we are fortunate that all employees are safe and accounted for.  Our team in Louisiana is a group of truly amazing and resilient people.  Some have been working extra time to check-in, protect and take care of company property, even though their own property has been damaged.  Our people have incurred water and wind damage to homes, cars, and many other personal possessions. For many, this past Labor Day weekend was most likely not spent at a barbecue, but instead was spent working on a dry place to live and picking through possessions to salvage pieces of their pre-hurricane lives.

Many of you have asked how they can help those fellow employees in need.  As you may know, The SBP OnGuard Foundation was created as a tax beneficial tool (Tax ID/EIN and receipt will be provided) for contributors to help SBP employees that have already given us so much. If you would like to contribute to help the 25+ directly impacted employees begin to rebuild their homes and lives, please find the link below.  SBP is donating $35,000 and will match any employee contributions in excess of that amount.  Collectively we will come together in the days and weeks ahead to support those impacted by the storm because no one in this organization should feel alone in times such as this.

Thank you,

IF YOU WOULD LIKE TO DONATE

Any donations given to the OnGuard Foundation are going right to the families that need it the most. Please utilize the button below to visit our dedicated OnGuard Foundation Venmo account. If you prefer, you can also send a check to the following address:

SBP OnGuard Foundation

10704 Composite Dr

Dallas, Texas   75220

SBP HOLDINGS TO ACQUIRE KENCO HYDRAULICS

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June 2, 2021 — Dallas, Texas 

SBP Holdings has acquired Kenco Hydraulics and subsidiaries on Tuesday, June 1, 2021.  Kenco Hydraulics will operate within the fluid power/automation platform (Dakota Fluid Power) for SBP Holdings.  The fluid power/automation platform is the 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 approximately 100 locations with over 1,300 employees.  

Kenco Hydraulics, established in 1989 by President Ken Veit, operates from a single location in Hatfield, PA with approximately 19 team members.  Kenco Hydraulics provides sales and repair services for all types of hydraulic products including hose, pumps, cylinders, and filtration.  Kenco Hydraulics is the regions leading expert in repair and clearly understands and responds to the urgency of customers’ requirements in several key markets including construction, mobile equipment, and in-plant systems.  Veit will continue to manage the Kenco Hydraulics operation and expand the enterprise through organic growth and cooperation with other SBP Holdings companies.     

SBP CEO Craig Osborne said, “We are truly excited about teaming up with Ken and the Team at Kenco Hydraulics to continue to expand our fluid power offering and geographic footprint.  Fluid Power continues to be a large addressable market with tremendous opportunity for growth and there is no question we have a solid base and the ability to expand.”  Dakota Fluid Power President Rick Lindemann added “We are looking forward to having Kenco Hydraulics join our Fluid Power group! 

Their reputation and business model of providing quality parts and service to their customers aligns very well with Dakota Fluid Power.” 

Ken Veit said, “I feel strongly that we have teamed up with the right group to continue Kenco Hydraulics tradition of supporting customers in the PA and NJ markets and beyond.  We have a current relationship with companies within the SBP Holdings group and we look forward to expanding that over time.” 

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.comwww.singerequities.comwww.lifting.comwww.dakotafluidpower.com.   

CRAIG OSBORNE NAMED PRESIDENT & CEO OF SBP HOLDINGS

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CRAIG OSBORNE NAMED PRESIDENT & CEO OF SBP HOLDINGS

 

MARCH 18, 2021—HOUSTON, TEXAS

The Board of Directors of SBP Holdings is pleased to announce the appointment of Craig Osborne as the organization’s next President and CEO.  Osborne is a proven leader with broad industry experience including 8 years within SBP.  Since joining SBP in 2013, he has held various senior roles, including VP & CFO, and most recently as the company’s VP & COO.  Osborne holds an MBA from Northwestern University and a bachelor’s degree from Brigham Young University with prior experience at Thermo Fisher Scientific, McKesson, and Hewlett Packard.  Don Fritzinger, company President, and CEO since 2016, is now SBP’s Chairman and will remain engaged with the business and industry.

Osborne stated, “I am honored and energized by the opportunity.  We have a fantastic team and business model in place.  I look forward to continue growing organically and through opportunistic acquisitions.”

 

About SBP Holdings

Singer Equities, Bishop Lifting Products, and Dakota Fluid Power are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX, and through its 95 locations and over 1,300 employees, they provide 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.singerequities.com, www.lifting.com, and www.dakotafluidpower.com.