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AEA Investors has formed SB Holdings to combine industrial rubber products company Singer Equities with the acquisition of Bishop Lifting Products.
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Bishop Lifting Products, operating through eight locations, fabricates and distributes wire rope and synthetic slings, wire rope, rigging hardware and other lifting products and providing engineering, consulting, maintenance, repair, inspection, testing, certification, tracking and steel fabrication services to the industrial marketplace, focusing on the energy sector.
Singer Equities, an AEA portfolio company, and its subsidiaries and affiliates distribute industrial rubber products including industrial, metal, and hydraulic hose and fittings, conveyor belting, gaskets, and other industrial products. Through its 22 locations they also offer a full array of value-added services which include fabrication, conveyor belt installation, gasket cutting, kitting, testing, tracking and certification.
“Bringing these two groups together under one umbrella made sense when considering common customer types, economies of scale and cross-selling opportunities. Jeff Bishop will continue as president of Bishop Lifting Products and Don Fritzinger remains president of Singer Equities, with both groups continuing as independent entities executing on their respective strategies in their industries and taking advantage of the consolidation opportunities that are so prevalent in both spaces,” said Otis Dufrene, CEO of SB Holdings.