JUNE 16, 2015 – PORTLAND, OR – Singer Equities has acquired the operating assets of Unisource Manufacturing Inc. and subsidiaries headquartered in Portland, OR. The business was founded by Joe Thompson in 1980 as Intermountain Industrial Supply and has expanded its operations to five locations operating as Unisource Manufacturing in Portland, OR, Santa Fe Springs, CA and Kent, WA along with their Poly-Flow, LLC operations at a second Portland facility and its Able Hose and Rubber LLC business unit in Roseville, MN. Joe Thompson will remain with the business as President of the entity while retaining his current staff of 97 employees that will continue to go to market under their legacy names.
“Joe Thompson and team have built an outstanding business over the past 35 years with a true passion for the industrial, hydraulic, metal, fluoropolymer and thermoplastic hose product lines selling to a very diverse end market base through multiple channels,” stated Don Fritzinger, President of Singer Equities. Adding, “We are so very proud to have them be a part of our growing portfolio of quality companies. The addition of Unisource Manufacturing and subsidiaries will expand our geographic footprint to the west coast and 40 locations, while augmenting our portfolio of products and services in our core hose businesses.” Thompson added, “This strategic partnership was established as a means to provide an exit plan for me over the next 5-7 years, while providing a solid succession plan for our Unisource/Poly- Flow family of employees. This plan is one that we directed and instituted from the beginning, searching for the appropriate partner that would allow us to maintain our identity, culture and business model. Singer Equities maintains a hands-off approach, investing in financially successful businesses with strong management personnel, allowing them to function with total autonomy. All business plans for today and into the future remain the same.”
Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holdings, headquartered in Pearland, TX and through its 61 locations provides industrial rubber and wire rope and rigging products and services to a broad range of industrial end markets throughout the United States. More information can be obtained at www.sbpholdings.com and www.singerequities.com.