SBP Holdings – Hurricane Harvey Efforts and Relief Fund

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To: Our Friends, Colleagues, Suppliers and Supporters

Over 6 million people occupy roughly 2200 square miles of Houston and in the recent days we all have felt the wrath of Hurricane Harvey. With over 50” of rainfall in a matter of days the area has seen unprecedented flood levels and a potential overall cost estimated at $160B!

We continue to send our thoughts and prayers to everyone that has been affected by this tragic event. SBP Holdings, parent company of Bishop Lifting Products, Delta Rigging & Tools, National Hose & Accessory, and Morgan City Rentals has several locations within the affected area – the following is an update for our group:

National Hose & Accessory Prior to the storm making land a NHA text group was created to track all employees and their status. Several employees have been displaced and many have realized damage to their homes and vehicles. That said, by utilizing the text group, we were able to confirm that all team members were safe.

– NHA reopened for business on Wednesday, August 30th. In addition to reopening to customers in need, NHA is now working with local officials to utilize our location as a donation drop-off for supplies. We are currently in need of diapers, toys and non-perishable food.

– “I can’t express the pride I have in our team at National Hose! We were fortunate to only have minor damage to our Pasadena location. We are up and operational with employees that have already secured their family, friends, and homes. We stand ready to assist those in need and are very proud of all of our neighbors here on the gulf coast!”
– Mike Johnson – NHA GM

– Bishop Lifting Products Prior to the storm BLP management implemented a thorough communication plan including a phone number to call for updates as well as constant updates to the company Facebook page. During the storm, a daily internal email was sent to update employees. We have confirmed that our employees are safe, however, many have water damage to their homes and cars and a few have lost everything.

– The Houston BLP office reopened for business on Thursday, August 31. We are moving production to other locations and BLP locations are working together and utilizing inventory within our groups to minimize impact to our customers. Our goal is to do everything possible to help our customers meet project deadlines.
– “Thank you for your patience as our company returns to normal business. Our thoughts and prayers are with those that have been adversely affected. Our group will be organizing a way to contribute / assist those in need in the near future”
– Harold King – President BLP

SBP Holdings has established a dedicated relief fund to support the needs of its employees who have been adversely impacted by Hurricane Harvey and will match all donations made by SBP employees through September 22, 2017.

To make a confidential donation please visit https://www.gofundme.com/sbpblp-employees-flood-relief

Donations made to this initiative will go directly to SBP Holdings personnel affected by the storm. Your donations will help support these employees and their families through the challenges of recovering and rebuilding.

Our team at SBP Holdings appreciates your partnership and support. We will continue to monitor the situation at all our locations and will send out further updates as needed.
Sincerely,

Don Fritzinger
CEO SBP Holdings

News from NAHAD

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The Singer Team joined with more than 900 industry professionals from around the world for NAHAD’s (National Association of Hose and Accessory Distributors) 33rd Annual Meeting and Convention. The event was April 1-6 at the spectacular J W Marriott Hill Country Resort in San Antonio, TX. We were able to attend a number of University of Industrial Distribution seminars including:

  1. Today’s Top Five Sales Fails…and How to Avoid Them!
    Jim Pancero
  2. How DO They Do That? Secret Tech Weapons for Work and Home
    Beth Ziesenis
  3. The Top Ten HR Challenges Looming this Year
    Nancye Combs
  4. Grow Your Business While Others Shrink
    Jim Pancero
  5. Attracting, Engaging and Retaining Millennials
    Nancye Combs

In addition to these seminars we met with several members from key supplier partners, took advantage of exceptional networking events and the met with many new potential suppliers at the powerful Showcase of Hose Solutions! We also take advantage of this event to have a company meeting where we review budgets, share best practices and share what we see in the future.

Being in Texas we also were able to finish the event and enjoy a “True Texas Experience” with a live rodeo and closing reception and dinner at Knibbe
Ranch

NAHAD continues to be a great resource for our team and the industry as a whole!

MANAGEMENT CHANGES WITHIN THE SINGER EQUITIES TEAM

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As Pete Haberbosch transitions to his new role as VP Business Development at SBP Holdings I am pleased to announce the following changes.

David Saunders will be promoted to General Manager of Hampton Rubber.  David has over 25 years of experience at Hampton Rubber and has held a variety of positions including Inside Sales, Sales Manager and most recently Branch Manager of the Norfolk, VA location.  David has a solid understanding of our business, our personnel, and our operations.  David will work closely with the Management Team at HRC and report to Scott Priestner – VP/GM Northeast of Singer Equities.

Norm Fye will be promoted to General Manager of Summers Rubber.  Norm has over 4 years of experience at Summers Rubber in the role of Operations Manager.  In this role Norm was able to quickly learn our systems and processes as well as our go to market strategy.  Norm will be supported by the Management Team at SRC and report to Sam Petillo – President of Singer Equities.

Both of these individuals have continued to advance through our organizations.  They will remain focused on our main objective of driving organic growth at their local companies.  In addition they will continue to support key Singer initiatives tied to margin improvement, group purchasing/in-sourcing, strategic pricing, building vendor relationships, logistics, operational efforts and working capital improvement.

Please join me in congratulating David and Norm!

Sam Petillo

President Singer Equities

Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX and through its 53 locations provides industrial rubber and wire rope and rigging products and services to a broad range of industrial end markets throughout the United States and now Canada.  More information can be obtained at www.sbpholdings.com and www.singerequities.com.

 

SINGER EQUITIES ACQUIRES RUBBER SUPPLY COMPANY

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Singer Equities is pleased to announce its acquisition of Rubber Supply Co. in Morrisville, PA. Rubber Supply Co., founded in 1972 specializes in industrial hose and fittings, conveyor belting, sheet rubber and custom-cut gaskets, servicing the Greater Philadelphia region.
Rubber Supply Co. will continue to go to market utilizing their name and will operate as a division of RW Connection. Headquartered in Landisville, PA, RW Connection has eleven locations throughout six states, including Pennsylvania, New Jersey, Maryland, Virginia, North Carolina and Tennessee. Dave McGowan will continue as General Manager reporting to Scott Priestner, Vice President of Singer Equities.
“Dave has built a solid business in the region and we are excited to have his organization join our team,” said Scott. “We look forward to expanding our product lines, fabrication, installation and testing services; increasing our market share in the Philadelphia, Northern Delaware and Southern New Jersey areas.”
Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX. Through its 54 locations, SBP provides industrial rubber, wire rope and rigging products and services to a broad range of industrial end markets throughout the United States and Canada. More information can be obtained at www.sbpholdings.com and www.singerequities.com.
Michele Dappert, Marketing Manager
Singer Equities
936 Links Ave
Landisville, PA 17538
717-898-5257 office
717-537-4261 direct
mdappert@rwconnection.com
www.rwconnection.com
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SBP HOLDINGS MANAGEMENT ANNOUNCEMENT

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JANUARY 1, 2017—HOUSTON, TX—Pete Haberbosch is appointed to the position of Vice President/Business Development of SBP Holdings responsible for the marketing initiatives to drive organic growth, end market diversification and acquisition development for the organization.   Haberbosch held various sales and marketing positions within Gates Rubber Company and Fenner Corporation for 21 years before joining Singer Equities in 2014 where he has managed the Hampton Rubber and Summers Rubber business units.

SBP Holdings currently has 52 locations throughout the United States and Canada under its Singer Equities and Bishop Lifting business verticals with Singer specializing in industrial hose, hydraulic hose, conveyor belt and gasket fabrication and services and Bishop focusing on the fabrication, distribution and rental of wire rope, rigging and specialized rental equipment.

Congratulations to Pete!

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

 

SINGER EQUITIES ACQUIRES FUTURE HYDRAULIK, INC.

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Singer Equities has acquired Future Hydraulik, Inc. headquartered in Laval, Quebec, Canada.  The business, founded in 2005 by Richard Payette, Yves Renaud, Carol Deschênes and Yvan Audy is a distributor, fabricator and wholesaler of hydraulic hose, fittings, assemblies and fabrication equipment in Eastern Canada.  Richard will remain as VP/GM, along with Yves Renaud, Carol Deschênes and the 36 employees that will continue under the Future Hydraulik name.

Future Hydraulik serves distribution and OE customers in a diversified market base including industrial and automotive distribution, forestry, drilling, marine, construction, mining and agricultural.

“Richard and his team have built a profitable hydraulic hose and fittings business over the past 11 years and have earned a great reputation through their strong hydraulics product offering and dedication to customer service,” stated Sam Petillo, President of Singer Equities.  Adding, “We are very excited and proud to have Future Hydraulik join the Singer Equities team and expand our geographic footprint into Canada.  The addition of Future Hydraulik strengthens Singer’s hose and fitting product portfolio and further diversifies our customer and channel base.”  Payette said, “Through a partnership with Singer Equities we maintain our name, identity and the business model that enabled our growth over the past 11 years.  Singer’s hands-off management philosophy offers a seamless ownership transition without disrupting the service we provide to our customers or the work environment of our employees.  We will leverage their strength in the hose industry to expedite our growth in Canada.”

Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX and through its 53 locations provides industrial rubber and wire rope and rigging products and services to a broad range of industrial end markets throughout the United States and now Canada.  More information can be obtained at www.sbpholdings.com and www.singerequities.com.

SBP Holdings: Announcing Management Changes

By | Company Updates, Press Releases

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.

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

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

Singer Appoints Group Vice President

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Singer Equities is pleased to announce the appointment of Pete Haberbosch as a group Vice President of Singer Equities.  Haberbosch joined the organization in 2014 as VP/GM of Singer’s Hampton Rubber business unit and has recently assumed an expanded role as VP/GM of the Summers Rubber platform as well.

Pete Haberbosch came to the Singer organization with 21 years industry experience in fluid power, industrial rubber and power transmission products with a mechanical engineering degree.  He spent eleven years with the Gates Rubber Company as a District Sales Manager, National Accounts Manager, Regional Sales Manager in the Northeastern U.S. and ultimately Director of the Gates Performance Group.  Thereafter over the next five years, Pete expanded his work experience globally as Vice President of Sales and Marketing of Fenner Precision and later in the same capacity at Fenner Drives headquartered in the Lancaster, PA area.

There is no question Pete has made a very positive impact on our organization with his background, energy and strategic abilities. We ask all associates to welcome him to this new position in our quest of further growth through acquisition and organic activities in the years ahead.

Donald S. Fritzinger

President

Singer Equities Acquires Unisource Manufacturing

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PEARLAND, TX — 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.