SBP HOLDINGS TO ACQUIRE KENCO HYDRAULICS

Posted by Gabriele Barr on Jun 4, 2021 7:57:35 AM
SBP HOLDINGS TO ACQUIRE KENCO HYDRAULICS

June 2, 2021 -- Dallas, Texas 

SBP Holdings has acquired Kenco Hydraulics and subsidiaries on Tuesday June 1, 2021.  Kenco Hydraulics will operate within the fluid power / automation platform (Dakota Fluid Power) for SBP Holdings.  The fluid power / automation platform is the 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 approximately 100 locations with over 1,300 employees.  

Kenco Hydraulics, established in 1989 by President Ken Veit, operates from a single location in Hatfield, PA with approximately 19 team members.  Kenco Hydraulics provides sales and repair services for all types of hydraulic products including hose, pumps, cylinders, and filtration.  Kenco Hydraulics is the regions leading expert in repair and clearly understands and responds to the urgency of customers’ requirements in several key markets including construction, mobile equipment and in plant systems.  Veit will continue to manage the Kenco Hydraulics operation and expand the enterprise through organic growth and cooperation with other SBP Holdings companies.     

SBP CEO Craig Osborne said, “We are truly excited about teaming up with Ken and the Team at Kenco Hydraulics to continue to expand our fluid power offering and geographic footprint.  Fluid Power continues to be a large addressable market with tremendous opportunity for growth and there is no question we have a solid base and the ability to expand.”  Dakota Fluid Power President Rick Lindemann added “We are looking forward to having Kenco Hydraulics join our Fluid Power group! 

Their reputation and business model of providing quality parts and service to their customers, aligns very well with Dakota Fluid Power.” 

Ken Veit said, “I feel strongly that we have teamed up with the right group to continue Kenco Hydraulics tradition of supporting customers in the PA and NJ markets and beyond.  We have a current relationship with companies within the SBP Holdings group and we look forward to expanding that over time.” 

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.comwww.singerequities.comwww.lifting.comwww.dakotafluidpower.com.   

 

Topics: Insider, Acquisition, kenco

SINGER EQUITIES ACQUIRES SHIPYARD SUPPLY

Posted by Gabriele Barr on Sep 4, 2019 10:08:00 AM
SINGER EQUITIES ACQUIRES SHIPYARD SUPPLY

September 3, 2019

Singer Equities, Inc. has acquired Shipyard Supply, LLC headquartered in Metairie, LA. Shipyard Supply distributes and fabricates metal, industrial and composite hose assemblies, fittings, and industrial supplies out of their locations in Metairie, LA, Houston, TX and Mobile, AL. The business was founded in 1992 and serves a diverse customer base in the general industrial, refinery, petrochemical, marine and construction markets.

President and owner Jeff Wickersham, who has been active in the business, will remain and the business will continue operating under the Shipyard Supply name. “Jeff and his talented team have built a successful hose business by providing exceptional service throughout the gulf region and beyond”, stated Sam Petillo, President of Singer Equities. Adding, “This acquisition expands Singer’s product offering and strengthens our presence in the refinery and petrochemical markets in the gulf region.” Jeff Wickersham stated, “Singer is the right partner to support Shipyard’s core values of providing exceptional customer service and world-class products. Singer’s scale and national footprint will help us better serve our customers”.

Singer Equities has 57 locations specializing in industrial and hydraulic hose, conveyor belt, gaskets, and related services.

Singer Equities, along with Bishop Lifting Products and Dakota Fluid Power, are wholly owned subsidiaries of SBP Holdings, headquartered in Houston, TX and through its 95 locations provides industrial rubber, wire rope, rigging, fluid power 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.

Topics: Insider, Shipyard Supply, Acquisition

Hampton Rubber Company is Virginia’s prime source for providing complete fluid solutions. Established in 1961 and with over 3 million dollars of on-hand inventory, Hampton Rubber serves both commercial and military markets. Our vast amount of experience, quality products, and passion for excellence continue to set us apart from others. When it comes to complete fluid solutions, Hampton Rubber is your “Trusted Advisor”.

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