US equity group AEA Investors has formed SB Holdings to combine Singer Equities with its latest acquisition, Bishop Lifting Products.
Texas-based Bishop Lifting Products, which operates eight depots across the USA, manufactures and distributes wire rope and synthetic slings, wire rope, rigging hardware and other lifting products. The company also offers engineering, consulting, maintenance, repair, inspection, testing, certification, tracking and steel fabrication services to the industrial marketplace, focusing on the energy sector.
Maryland-based Singer Equities is a distributor of industrial rubber products, including industrial, metal, and hydraulic hose and fittings, conveyor belting, gaskets and other industrial products. Singer Equities also offers fabrication, conveyor belt installation, gasket cutting, kitting, testing, tracking, and certification services. The company operates at 22 locations.
Jeff Bishop will continue as president of Bishop Lifting Products and Don Fritzinger remains president of Singer Equities, with both groups continuing to operate as independent entities.