June 3, 2013- Glen Burnie, MD— Singer Equities, Inc. has acquired the operating assets of Stewart-Hunt, Inc. based in Burlington, MA. Founded in 1956, Stewart-Hunt is a leading fluid power distributor specializing in the sales, service, testing and repair of hydraulic pumps, motors, cylinders and various other hydraulic components. The company will operate as a division of PRC Industrial Supply headquartered in Portland, ME with a branch location in Bangor. Nelson Smith and Jim Hunt, previous owners of Stewart-Hunt, will remain with the company and report to Kevin Easler, Vice President and General Manager of PRC Industrial.
“We are thrilled to have the Stewart-Hunt team as part of our New England operation which will provide vertical integration to our existing fluid power business in Bangor, ME. In addition, their suburban Boston location will lower PRC’s center of gravity to access core New England markets,” said Don Fritzinger, President of Singer Equities.
PRC Industrial Supply is a platform business of Singer Equities, specializing in the value added services within the industrial and hydraulic hose, conveyor belt and gasket markets. Stewart-Hunt is the company’s 33rd location and first truly integrated fluid power business. More information on the businesses and their operations can be obtained at www.singerequities.com.