September 1, 2016—Houston, Texas—SBP Holdings, with its Singer Equities and Bishop Lifting Products business units, is pleased to announce the following management changes:
Otis Dufrene has retired as President and CEO of SBP Holdings. He has been named Chairman of the Board and will remain active with acquisition activities of Singer Equities’ industrial rubber business and Bishop Lifting Products’ rigging and rental business.
Don Fritzinger, formerly President of Singer Equities, has been named President and CEO of SBP Holdings and will manage the operations of both business verticals. Fritzinger, a 40-year veteran of the industry, joined Singer Equities in 2002 through an acquisition.
Sam Petillo, with 18 years of industry experience, formerly Director of Veyance Technologies Industrial and Hydraulic Hose business divisions and most recently a Vice President of Singer Equities, has been named President and CEO of Singer Equities. Singer has 37 locations nationwide and specializes in the industrial hose, hydraulic hose, conveyor belt and gasket material fabrication and services.
Harold King, with 24 years of industry experience with Bishop Lifting Products and most recently Vice President, has been named President and CEO of Bishop Lifting Products. Bishop specializes in the fabrication, distribution and rental of slings, wire rope, hoists, and rigging products with 15 regional operations primarily in the Gulf Coast region.
About SBP Holdings:
SBP Holdings is one of the nation's leading specialty distribution groups focusing on the sale and rental of wire rope and rigging products through Bishop Lifting Products and the sale of industrial rubber products through Singer Equities. SBP Holdings is a portfolio company of AEA Investors based in New York City. For more information, go to www.sbpholdings.com