DALLAS—For years, SBP Holdings L.P. has expanded its footprint of industrial distribution sites through a series of mergers and acquisitions.
Going through the COVID-19 pandemic, the pace of those purchases slowed markedly for a variety of reasons, but now the holding company is back to closing deals as business remains strong in both its Singer Hose and Rubber Division as well as its Fluid Power and Automation Division.
SBP, in fact, had a bookend August, with its Fluid Power unit closing a deal Aug. 1 to buy Mattson Distributing Co. Inc. in Boise, Idaho, and the Singer side finalizing its purchase of Catawba Industrial Rubber Co. Inc. and its subsidiary, Coastal Hose and Rubber Inc., on the final day of the month.
The Catawba deal brought two locations in North Carolina, owned and operated by husband-and-wife team Marvin (Skip) and Pam Bruce since 1999. The distributor supplies industrial hose, specialty gasket and industrial belting goods, serving such key markets as general industrial, construction, chemical and resale.
Established in 1957, Mattson Distributing sells and services a full line of industrial pressure washing equipment within several key markets, including agriculture, construction, mobile equipment and in-plant systems.
With the two acquisitions, SBP increased its North American footprint to about 78 locations and more than 1,000 employees.