AEA Investors acquires Singer Equities
AEA Investors and a management group have acquired Singer Equities Inc. from LLR Partners.
Singer is a group of value added distributors in the industrial rubber products industry operating through six platform companies—Allied Rubber and Supply, Hampton Rubber Company, National Hose and Accessory, PRC Industrial Supply, Spartan Industrial Products and RW Connection. Singer serves its customer base through 20 locations in the Northeast, Mid-Atlantic and Gulf Coast regions and offers a full range of industrial and hydraulic hose and fittings, gasket materials, conveyor belting and installation services, and many other specialty fabricated products.
Singer was formed to exploit the consolidation opportunities in the industrial rubber products industry and has completed 10 acquisitions in the past 11 years.
"We had a strong partnership and grew significantly with LLR Partners and look forward to continued growth with our new business partners through further execution of our acquisition strategy," said Otis Dufrene, president and CEO of Singer Equities. "Key to our success over the years is our core of dedicated and experienced employees that operate our platform businesses as if they were their own."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
