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

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, 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.com, www.singerequities.com, www.lifting.com, www.dakotafluidpower.com

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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.com, www.singerequities.com, www.lifting.com, www.dakotafluidpower.com.   

September 3, 2019

Singer Equities, Inc. has acquired Shipyard Supply, LLC headquartered in Metairie, LA. Shipyard Supply distributes and fabricates metal, industrial and composite hose assemblies, fittings, and industrial supplies out of their locations in Metairie, LA, Houston, TX and Mobile, AL. The business was founded in 1992 and serves a diverse customer base in the general industrial, refinery, petrochemical, marine and construction markets.

President and owner Jeff Wickersham, who has been active in the business, will remain and the business will continue operating under the Shipyard Supply name. “Jeff and his talented team have built a successful hose business by providing exceptional service throughout the gulf region and beyond”, stated Sam Petillo, President of Singer Equities. Adding, “This acquisition expands Singer’s product offering and strengthens our presence in the refinery and petrochemical markets in the gulf region.” Jeff Wickersham stated, “Singer is the right partner to support Shipyard’s core values of providing exceptional customer service and world-class products. Singer’s scale and national footprint will help us better serve our customers”.

Singer Equities has 57 locations specializing in industrial and hydraulic hose, conveyor belt, gaskets, and related services.

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 95 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.

Singer Equities, Inc. has acquired 4-STAR Hose & Supply headquartered in Dallas, TX.    4-STAR Hose & 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 the Culhane family since 2002.  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 & Supply name.  “Keith, Kelly, and Brent Culhane 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.