SBP Holdings to Acquire Dakota Fluid Power

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 forming a 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 74 locations with over 1,300 employees.

Dakota Fluid Power established in 1991 by President, Rick Lindemann, and his partner and Vice President, Mike Nelson, is headquartered in Sioux Falls, SD and has 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 Dakota Fluid Power organization provides hydraulic and pneumatic components and machinery along with service and repairs through it 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 notably 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 Dakota Fluid Power 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 Dakota Fluid Power 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”. We look 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, www.dakotafluidpower.com.

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

BOP Hoist Repair – Services from Delta Rigging & Tools

BEFORE:

bop-hoist-repair

AFTER:

bop-hoist-repair-after

These are monorail air powered chain hoists used on drilling rigs, both offshore and land based, for moving and positioning Blow Out Preventers (BOP). The BOP hoists are manufactured by J.D. Neuhaus. The industry term of hoists used in this application are “BOP Hoists” or “BOP Handling System”.

Routinely, following the manufacture’s recommended schedule, the hoists are overhauled according to an approved scope of work that includes complete dismantling, blasting corroded surfaces to bare metal, cleaning and inspection. All components and parts that are no longer in compliance with OEM criteria for continued use are replaced. Specific components are subjected to non-destructive testing.

Before & during re-assembly, surfaces of parts are coated with epoxy primer/paint. After final assembly an “Offshore Coating” of epoxy coating with a minimum build thickness of 9 mills is applied.

After the hoists are reassembled, customers and or third party witness are invited to attend the load testing of each hoist. The test machines at Delta Rigging & Tools apply dynamic loads to a hoist, which simulates “live load” which is considered real world working conditions.

After completion of an overhaul, customers are supplied with the following documentation: Overhaul Certificate, Factory Acceptance Test Certificate, Load Test Certificate, Chain Certificate. Additional documentation such as OEM Parts, Operation and Service Manuals may accompany hoists depending on circumstances.

Depending on individual customer needs, completed hoists are packed in special built crates suitable for domestic and international transit.

Delta Rigging & Tools has the shop, facility & inventory capable of turning around an overhaul to a common BOP Handling System, or almost any air powered chain hoist, in as little as 4 to 5 weeks.

Delta Rigging & Tool’s shop has the equipment and infrastructure to conduct the same overhaul process to hydraulic chain hoists; and overhaul air powered & hydraulic winches to the same degree as hoists.

In addition to the capabilities of the shop, Delta Rigging & Tools maintains a staff of field service crews that can be available to dispatch to service hoists at customer’s sites around the world.  Contact us for your repair and refurbish needs!

Bishop Lifting Acquires Safeway Sling USA

HOUSTON – (April 2, 2018) — Bishop Lifting 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 as well as 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 for 40 years and has gained recognition as the “Gold Standard” for overhead lifting slings.

Harold King, President of Bishop Lifting Products, stated that “we are excited with the addition of Safeway Sling to our family of companies. Safeway Sling 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 Sling USA, added that “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 of overhead lifting assemblies with in-house ASTM E-4 calibrated testing capabilities. Bishop Lifting operates 70 test beds throughout their 21 locations with pull test capacities ranging from 100K-1500K metric tons.

Bishop Lifting Products, along with Singer Equities, are wholly owned subsidiaries of SBP Holdings. Bishop Lifting is engaged in the fabrication, distribution and rental of wire rope, sling and rigging products and services. Singer Equities specializes in industrial hose, hydraulic hose, conveyor belt and gasket material fabrication and services. 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

Singer Equities Acquires Foster Hose and Fittings

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 hose, metal hose, silicone hose, hydraulic hose, 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.

Haberbosch Appointed President of SBP Holdings

SBPHoldingsLogoFebruary 1, 2018—Houston, Texas–SBP Holdings, with its Singer Equities and Bishop Lifting Products business units, is pleased to announce the appointment of Pete Haberbosch as company President replacing Don Fritzinger, who will remain as CEO of the organization.  Haberbosch joined the Singer Equities business vertical in 2014 as a Vice President of their Hampton Rubber and later Summers Rubber platform businesses before being named a Vice President of Business Development for SBP Holdings.  In this new role Haberbosch will continue in the strategic acquisition pipeline development and marketing efforts supporting the organic and acquisition growth of both business verticals. Prior to joining Singer, Haberbosch held a number of management roles for the Gates Corporation and Fenner.

Don Fritzinger commented “Pete brings a great deal of energy and diverse skill sets from his background in the fluid power, industrial rubber and power transmission industry over the past 25 years.  Pete, along with Sam Petillo, President of the Singer Equities industrial rubber distribution business, Harold King, President of the Bishop Lifting business and Craig Osborne, SPB Holdings group CFO create a dynamic leadership team.”

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 on the companies can be found at www.sbpholdings.com, www.singerequities.com and www.lifting.com.

Singer Equities Acquires Smith Industrial Rubber & Plastics Inc.

singer-equitiesFebruary 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 20th 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.

 

Delta Rigging & Tools Shows How to Properly Install Tire Chains

tire-chainsDelta Rigging & Tools Grand Junction office was spotlighted in the local news for how to properly install tire chains this winter.  The Colorado Department of Transportation has been implementing the Passenger Vehicle Chain Law more often. This law states that “any car, vehicle, passenger vehicle, must have chains on the tires or an alternative traction device. This doesn’t matter if you’re [car is a] four-wheel drive, you must have chains.”

Watch the video below to learn more and see Delta Rigging & Tools demonstrate how to properly put on chains and how to maintain them without damaging your car.

“Those are tensioners, so you’ll see it pulls everything tight and it’s important that they stay tight. If they get loose they’ll start slapping the vehicle and possibly doing damage, but you see once you got those on, everything is tight the way it’s supposed to be,” said Todd Smith, General Manager of Delta Rigging & Tools as he demonstrated how to put on chains.

Delta Rigging & Tools will be happy to help any customer select and correctly install tire chains to their vehicle.  Tire chains are a necessity to staying safe on snow and icy roadways this winter.

Have questions? Contact our Grand Junction office directly at: (970)242-1144.

View the full article here:

http://www.westernslopenow.com/news/local-news/chain-law-to-be-strictly-enforced/888928687

Bishop Lifting Products, Inc. Finalizes Acquisition of Matex Wire Rope

Houston, TX – – August 1, 2017 – SBP Holdings, through its wholly owned subsidiary Bishop Lifting Products, is pleased to announce the recent acquisition of Matex Wire Rope, Inc. headquartered in Kilgore, TX. This bolt on acquisition fits into Bishop Lifting Products growth strategy to accelerate its position in Texas and Louisiana markets.

Along with Delta Rigging & Tools and Morgan City Rentals, Matex Wire Rope is a quality addition to the SBP Holdings group of companies.  For over 50 years, Matex has been a premier supplier of lifting solutions including: sling fabrication, wire rope & rigging hardware, fall protection, cable service, recertification and custom lifting solutions.  With branches in Shreveport, LA, Pleasanton, TX, Alice, TX, and Midland, TX, the combined companies will now operate 20 branch locations throughout Texas, Louisiana, Oklahoma, Kansas, and Colorado.

Matex provides sales, service and repair for all types of wire rope and cable, including, drill lines, sandlines, electromechanical cable (EWL), and other specialty cables.  Matex’s specialty services include: Oilfield Wireline Spooling Services, Electromechanical Cable Splicing, Wireline Sheave repair, inspection and recertification.

“The acquisition of Matex complements our overall wire rope and rigging offering so we can now provide additional services to the oil and gas industry. This investment represents an important strategic opportunity to offer high quality products and service operations in and around Texas and Louisiana,” said Harold King, President of Bishop Lifting Products. “The acquisition also adds to our capacity and geographic presence to key market customers.”

About Bishop Lifting Products, Inc.

Founded in 1984, Bishop Lifting Products, Inc. (BLP) is a leading fabricator and distributor of products, services, and lifting solutions for crane, rigging, marine, and oilfield applications. Along with its Delta Rigging & Tools and Morgan City Rentals companies, our 500+ dedicated employees throughout Texas, Louisiana, Oklahoma, Kansas, and Colorado supply wire rope, slings, rigging hardware, lifting devices, hoists and winches to customers with lifting, oilfield, towing, and hauling applications.

Bishop Lifting along with its affiliate Singer Equities has grown to 57 locations throughout the United States and Canada.  Singer Equities is a decentralized group of value added distributors in the industrial rubber products industry that distribute and fabricate industrial & hydraulic hose, conveyor belt and gaskets.

 

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

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Bishop Lifting Products Acquires Delta Rigging & Tools

Houston, TX — March 27, 2014 – SBP Holdings, through its wholly owned subsidiary Bishop Lifting Products, has completed the acquisition of Delta Rigging & Tools headquartered in Houston, TX.

Bishop Lifting Products and Delta Rigging & Tools specialize in the fabrication and distribution of slings, wire rope and rigging products, crane and rigging inspection services, engineered solutions, and equipment rentals. The combined Company will go to market under the brands Bishop Lifting Products, Delta Rigging & Tools, Delta Rentals & Rigging, and Morgan City Rentals.

The Company currently operates 23 branches in Texas, Louisiana, Oklahoma, Kansas, Colorado and North Dakota with over 700 employees.

Derrick Deakins, President of Bishop Lifting Products, states, “The combination of Bishop Lifting and Delta will bring great value to our customers. The wide spectrum of products and services, extended geographic footprint, and technical expertise created by the acquisition positions Bishop Lifting Products to become the clear leader in the wire rope and rigging industry.  The addition of rental equipment services will be a new offering that will benefit the combined customer base.”

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.

About Delta Rigging & Tools
Delta Rigging & Tools is one of the largest US providers for both sales and rental of rigging and lifting products, tools, and services. Delta Rigging & Tools offers a complete portfolio of lifting solutions, including hoists, winches, wire rope, wire and synthetic slings, accessory parts, and hardware as well as testing, inspection, and field service, and rental of lifting equipment and tools. Delta Rigging & Tools serves both domestic and international customers through 15 sales and service facilities and distribution centers located around the country.

The company provides complete lifting and rigging solutions and support for a diverse range of markets, including Oil & Gas production and distribution, Energy and Power-Generation, Mining, Transportation, Heavy Manufacturing and Construction.

Founded in December, 2004, Delta Rigging & Tools continues to grow rapidly through a combination of acquisitions and Greenfield start-ups. Delta Rigging & Tools focuses on providing its customers with the highest possible levels of Safety, Service, Quality and Value. Additional information on Delta Rigging & Tools can be found at www.deltarigging.com.

FOR MORE INFORMATION, PLEASE CONTACT:
David “Mo” Moseley, Vice President of Marketing

Bishop Lifting Products, Inc. (BLP)
125 McCarty Drive
Houston, Texas 77029 USA
713-674-2266 office
713-671-7803 direct
david.moseley @ lifting.com

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Delta Rigging & Tools Acquires Holloway Wire Rope in Tulsa, OK

Pearland, TX (August 12, 2013) — Delta Rigging & Tools, Inc., one of the largest providers of lifting and rigging products and related services in the United States, today announced it has completed the acquisition of Holloway Wire Rope, supplier of wire rope, below-the-hook lifting devices and rigging supplies headquartered in Tulsa, OK, with a second location in Wichita, KS. The acquisition of Holloway Wire Rope expands Delta Rigging & Tools footprint into the Oklahoma oil & gas fields, along with broadening its reach into the Midwest markets.

Holloway Wire Rope, celebrating its 72nd year in the industry, is proud to be one of the earliest established wire rope and rigging companies in the United States. Through the efforts of its experienced and long-term management team, they have become an internationally recognized supplier specializing in Wire Rope Slings, Rigging, Fall Protection, Nylon Slings, Wire Rope, Chain, Chain Slings, Rope, Hoists, Shackles, Turnbuckles, Eye Bolts, Sheaves, Snatch Blocks, Tie Downs and Cargo Control, Load Binders, Crane Blocks, Winches, Swivels, Pull Testing Safety Belts, Chokers, Round Slings, Rigging Hardware, and Suspended Personnel Platforms.

“We had been looking for a way to expand our footprint deeper into the Oklahoma oil fields and Midwest markets for some time,” said Mitch Hausman, President & CEO of Delta Rigging & Tools. “After a careful review of the Holloway Wire Rope operations, it became clear that taking a well- established business with great customer and vendor relationships was a strong strategic move for us, and the best way to serve our existing and new customers working in the Midwest.”

Curt Tuggle Owner of Holloway Wire Rope will be joining the Delta Rigging & Tools management team and continue as General Manager of the Tulsa and Wichita operations. “We are very pleased that a company with Delta Rigging & Tools national stature and reputation for quality and value is acquiring Holloway Wire Rope” said Curt. “Holloway Wire Rope is recognized for the high quality products we offer, customer satisfaction and safety. We believe that joining Delta Rigging & Tools will help us continue to grow by bringing us access to tremendous purchasing power and distribution of some of the
best brands in our industry.”

Over the past several years, working closely with Austin Ventures, Delta Rigging & Tools has successfully executed a strategy of acquiring and integrating a number of high-performing regional market leaders tocreate a scalable, industry-leading platform across the United States. Delta Rigging & Tools is well positioned to pursue further growth initiatives through strategic acquisitions, geographic expansion, the expansion of existing and new customer relationships, and additional product and service offerings both in the US and abroad. According to Mr. Hausman, “Delta Rigging & Tools will continue to seek additional acquisition opportunities of companies offering sales and rental of rigging, lifting and specialty products
serving energy and industrial customers around the country”.

About Delta Rigging & Tools
Delta Rigging & Tools is one of the largest US providers for both sales and rental of rigging and lifting products, tools, and services. Delta Rigging & Tools offers a complete portfolio of lifting solutions, including hoists, winches, wire rope, wire and synthetic slings, accessory parts, and hardware as well as testing, inspection, and field service, and rental of lifting equipment and tools. Delta Rigging & Tools serves both domestic and international customers through 15 sales and service facilities and distribution centers located around the country. The company provides complete lifting and rigging solutions and support for a diverse range of markets, including Oil & Gas production and distribution, Energy and Power-Generation, Mining, Transportation, Heavy Manufacturing and Construction. Founded in December, 2004, Delta Rigging & Tools continues to grow rapidly through a combination of acquisitions and Greenfield start-ups. Delta Rigging & Tools focuses on providing its customers with the highest possible levels of Safety, Service, Quality and Value. Additional information on Delta Rigging & Tools can be found at www.deltarigging.com.

About Austin Ventures
Austin Ventures (“AV”) has worked with talented entrepreneurs to build valuable companies for over 30 years. With $3.9 billion of capital raised, AV is the most active venture capital firm in Texas and one of the most established in the nation. AV invests in early stage and middle market companies, and its strategy is to partner with talented executives and entrepreneurs to build industry-leading companies predominantly in Texas. Additional information on AV can be found at www.austinventures.com.

About Holloway Wire Rope
Holloway Wire Rope based in Tulsa, OK is an internationally recognized supplier of wire rope, below-the-hook lifting devices, and rigging supplies.

Holloway Wire Rope is a privately held corporation that has been in business since 1941. The company is owned by Curt Tuggle who has been active in the day-to-day operations of the company since he purchased it in 1982. He began his career in the wire rope business in 1965 working for Bethlehem Steel. Mr. Tuggle’s philosophy of growing Holloway has been to create and foster lasting relationships with the customers Holloway Wire Rope serves. Holloway Wire Rope is known for providing the very best in customer service, coupled with the highest quality products at competitive prices.