News

November 12, 2018 – Houston, Texas — SBP Holdings will acquire Dakota Fluid Power and subsidiaries with closing scheduled for December 3, 2018. The Dakota Fluid Power operation will form the platform foundation for SBP Holdings' entry into the Fluid Power repair and services industry. This will form a third business vertical within the holding company. Its verticals are 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 74 locations with over 1,300 employees.

Dakota Fluid Power (DFP) was established in 1991 by President, Rick Lindemann, and his partner, Vice President Mike Nelson. The headquarters for DFP is in Sioux Falls, SD. They have grown to 13 locations and 197 associates in the upper Midwest U.S. with operations in North and South Dakota, Nebraska, Minnesota, and Wisconsin. The DFP organization provides hydraulic and pneumatic components and machinery. Additionally, they provide service and repairs through its operations and subsidiaries Prairie Truck Equipment, Midway Machining, Engineered Products, Y2K Filtration, OEM Manufacturing, and ASI Hydraulics. DFP is the region’s leading hydraulic expert in a variety of industries. These include agriculture, on and off-highway construction, municipalities, utilities, waste, food processing, wind energy, mining, and oil and gas. Lindemann and Nelson will continue to manage the DFP operation and expand the enterprise through acquisition and organic means.

SBP President and CEO Don Fritzinger said, “We are truly excited about teaming up with Rick and Mike at DFP to enter the fluid power market. It is a large addressable market with tremendous opportunity for growth and there is no question we have the right team as a foundation.”

Rick Lindemann and Mike Nelson of DFP are excited about the opportunity SBP Holdings provides to continue to grow the foundation they have built. “We feel strongly that we have teamed up with the right group to continue DFP’s tradition of “Commitment to Customer Success”. SBP Holdings looks forward to the opportunity to expand our presence in the Fluid Power Industry. We are also eager to work with our fellow companies in the SBP group.

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, and www.dakotafluidpower.com.

Dakota Fluid Power will add 13 locations, 197 employees, and 230,000 square feet of warehouse space to the company.

HOUSTON – (April 2, 2018) — Bishop Lifting (BLP) has acquired Safeway Sling USA, a sling fabrication company headquartered in Greendale, Wisconsin. Safeway Sling USA is a manufacturer of 100% USA-made nylon and polyester lifting slings. Additionally, they are manufacturers of wire rope slings, chain slings, and tie-down assemblies that meet all WSTDA standards.

Safeway Sling USA, Inc. has a proven record of excellence in designing and fabricating 100% USA-made lifting slings. In fact, for 40 years they have gained recognition as the “Gold Standard” for overhead lifting slings.

Harold King, President of BLP, stated that “we are excited with the addition of Safeway Sling to our family of companies. Safeway has a proven track record in our industry of supplying the highest quality synthetic slings with the highest level of service. They will make a great addition to our team.”

Sue Szymczak, President of Safeway, added “We feel that BLP is the ideal fit to carry on our legacy of excellence.”

Along with manufacturing synthetic and metal lifting slings, Safeway provides certifying/recertifying services for overhead lifting assemblies. As a result, this includes in-house ASTM E-4 calibrated testing capabilities. Furthermore, BLP operates 70 test beds throughout their 21 locations with pull test capacities ranging from 100K-1500K metric tons.

SBP Holdings and their subsidiaries

Bishop Lifting Products, along with Singer Equities, are wholly owned subsidiaries of SBP Holdings. Notably, BLP is engaged in the fabrication, distribution, and rental of wire rope, sling, and rigging products and services. Markedly, Singer Equities specializes in industrial hoses, hydraulic hoses, conveyor belt, and gasket material fabrication and services. Ultimately, the combined entity has 61 locations throughout North America with over 1080 employees.

More information can be found at www.sbpholdings.com, www.safewaysling.com, and www.lifting.com.

Media Contact:
Teresa Clayton, Marketing Manager
Bishop Lifting Products, Inc,
125 McCarty Dr.
Houston, TX 77029
(713) 674-2266 office
(713) 671-7841 direct
Teresa.Clayton@Lifting.com

March 1, 2018

Singer Equities, Inc. has acquired Foster Hose and Fittings headquartered in St. Louis, MO. The business was founded in 1928 and has been owned by Todd Sacco, Dale Schwartz, and Rick Freeman since 2007. Todd Sacco, who has been active in the business, will remain as Sales and Marketing Manager and the business will continue operating under the Foster Hose and Fittings name.
Foster Hose and Fittings is a distributor and fabricator of industrial hoses, metal hoses, silicone hoses, hydraulic hoses, fittings, and expansion joints. Foster serves a diverse customer base in the food and beverage, pharmaceutical, chemical, and industrial manufacturing markets, primarily in the Midwest region.

“Todd Sacco and his team have built a profitable business through servicing a high-end customer base with exceptional customer service and quality products and services”, stated Sam Petillo, President of Singer Equities. Adding, “We are very proud to welcome Foster to our team. This acquisition strengthens our core competence in industrial hose and expands our share in the food and beverage and chemical markets”. Todd Sacco said, “Singer provides the best cultural fit for Foster’s employees, customers, and growth strategies. We will continue to market our products and services under the Foster Hose and Fittings name and will strengthen our hose business through collaboration with the other Singer companies.”

Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX, and through its 60 locations provides industrial rubber, wire rope, rigging 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.

February 1, 2018 — Singer Equities, Inc. has acquired Smith Industrial Rubber & Plastics Inc. headquartered in Rockford, Illinois.  Smith Industrial is a distributor and fabricator of hydraulic hose and fittings, conveyor belting, industrial hose, sheet rubber and die cut parts from plastic and rubber.  The business was founded in the 1940s as a division of Smith Oil Corp. who was a dominant distributor of petroleum, rubber products and select automotive parts through most of the 20^th century in the Rock River valley.  Current owners Scott Greenfield and Tom Rudnicki were originally salesmen for Smith Industrial Rubber.  Tom Rudnicki will remain as General Manager and will continue operating under the Smith Industrial Rubber and Plastics name.

“Scott Greenfield, Tom Rudnicki and their team have built a reputable rubber distribution business over the past 30 years and have earned that through their value-add product offerings and dedication to customer service”, stated Sam Petillo, President of Singer Equities.  Adding, “We are very excited and proud to have Smith Industrial Rubber & Plastics join the Singer Equities team and expand our geographic footprint into Illinois. The addition of Smith Industrial further diversifies our customer base.”  Rudnicki said, “Through this partnership with Singer we maintain our name, identity and business model that enabled Smith’s growth over the past 75 years. We plan to leverage Singer’s strength in the rubber industry to hasten the pace of our growth in the Midwest.”

Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holdings.  Singer Equities specializes in industrial hose, hydraulic hose, conveyor belt and gasket material fabrication and services.  Bishop Lifting is engaged in the fabrication, distribution and rental of wire rope and rigging products and services.  The combined entity has 58 locations throughout North America with over 1050 employees.  More information can be obtained at www.sbpholdings.com and www.singerequities.com.