QuickConnect: January 2013
News from NAHAD Members
NAHAD members announce acquisitions, promotions and new web sites for 2013:
Singer Equities Inc. has acquired the operating assets of Summers Rubber Co. based in Cleveland, OH. Founded in 1949 and operating through eight locations in Ohio and Pennsylvania, Summers Rubber is recognized as one of the premier industrial rubber distributors in the country. Specializing in the fabrication of hydraulic, industrial and metal hose assemblies, inspection, testing and certification services, the business will operate as Singer’s eighth platform company and will continue to go to market under the “Summers Rubber” brand. Frank Tiernay, a seasoned veteran of the distribution industry, will continue as vice president/ general manager reporting to Don Fritzinger, president of Singer Equities.
“Mike has gathered an exceptionally talented group of individuals and we are extremely excited about the opportunity to carry on their legacy,” said Fritzinger. “This acquisition compliments our strategy and establishes a solid Singer footprint in the Ohio market”. Added Mike Summers, “Three generations of Summers are proud to hand the reins to Singer to lead the next round of growth and service to our customers”.
Singer Equities, along with Bishop Lifting Products, are wholly owned subsidiaries of SBP Holding LP and through 40 locations provide wire rope and rigging products and industrial rubber products to a variety of industrial end markets. More information can be obtained at www.sbpholding.com.
Houston-based GHX Industrial LLC, has acquired the assets of Phoenix-based Express Hose & Fittings II. Express Hose specializes in the distribution of hose, fittings and other products to customers primarily in the Arizona mining industry.
Headquartered in Houston, TX, GHX is a leading fabricator and supplier of industrial fluid transfer and sealing products to both the upstream and downstream energy markets. The addition of Express Hose will significantly boost GHX’s presence in the metals mining market in the U.S.
“Of particular interest to us is the addition of the Arizona location which gives us the opportunity to work directly with another UDG company, United Central Industrial Supply, to expand our offering in the North American mining industry segment” said Dan Ahuero, VP mergers & acquisitions for The United Distribution Group.
According to Richard Harrison, president of GHX Industrial, LLC, Express Hose & Fittings II will operate under the GHX family of companies and continue to service existing as well as new customers with its current and an expanded product offering.
It is with great pleasure that Fairview Fittings & Mfg. Ltd. (Toronto, Ontario Canada) announces the launch of their new website at www.fairviewfittings.com. Fairview’s new website includes a host of new features and functionality designed to improve customer service and enhance the over-all user experience. Easier product search navigation, technical information, account statements and compatibility with mobile and tablet devices are just a few of the web-site improvements. Visit them at www.fairviewfittings.com.
Flexaust is excited to announce the acquisition of The United Electric Co. “This partnership strengthens our commitment to bring more value to you and enhance the Flexaust family of products in the U.S. and abroad, “ said Richard Meyer, CEO.
For more than 100 years, The United Electric Company has been a leading manufacturer of commercial & industrial vacuum hoses and vacuum cleaning attachments. The combined product line will offer a broader range of innovative commercial & industrial vacuum solutions; and continue to add value to the products by introducing more end finishes and accessories to serve customers’ needs.
Powered by Flexaust’s existing infrastructure, the TUEC product line will be manufactured and shipped out of our Warsaw, Indiana complex. Flexaust plans to continue to grow and extend TUEC’s already successful business model.
The acquisition of TUEC aligns with Flexaust’s growth strategy to innovate with new products and deliver industry leading solutions into new channels of distribution. “We are looking forward to the prospects as we blend considerable talent and experience together,” explained Mike O”Brien, VP of Sales and Marketing for Flexaust. “Flexaust remains committed to providing you with outstanding customer service, advanced technology solutions, industry-leading supply chain management and world class quality and manufacturing.”
Apache Inc., headquartered in Cedar Rapids, is pleased to announce Randy Walter has joined the executive management team as their CFO.
In the CFO role, Randy will support Apache’s strategic initiatives, including growth strategies. Randy will work with Eric Hentges, who continues his role as controller, helping Apache to navigate the larger and more complex business environment resulting from Apache’s significant growth. Apache has completed four strategic acquisitions in the last five years, and increased sales by 70 percent since 2009.
“Randy joins us with more than 20 years of professional experience, the majority of which is in the manufacturing and distribution environment,” says Tom Pientok, president and CEO. “His background in strategic planning and multinational business, paired with merger and acquisitions experience are an ideal fit for Apache.”
Randy Walter is a Certified Public Accountant who graduated from the University of Northern Iowa. He has a high level of community involvement including Big Brothers Big Sisters, Boy Scouts and United Way.
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