GLEN BURNIE, Md. (Sept. 10, 2012)—Singer Equities Inc. has acquired Industrial and Marine Equipment Co. Inc., an industrial distributor focusing on the Gulf Coast region. Terms of the deal were not released.
Industrial and Marine was founded in 1947 and is based in New Orleans, distributing hydraulic and pneumatic components to the oil and gas, marine and industrial sectors. Its services included hydraulic hose, industrial hose, metal hose and expansion joint fabrication, certification and testing.
The acquired firm will continue to operate as Industrial and Marine Equipment and will be a part of Spartan Industrial Products, with four locations in Louisiana, according to Don Fritzinger, president of Glen Burnie-based Singer Equities. He said the company provides a strong strategic fit for Singer and that the entire staff will remain.
Singer Equities is a group of value-added distributors of industrial rubber products and services. It recently merged with Bishop Lifting Products and formed SBP Holding L.P. as a parent company with 30 locations across the U.S.