PEARLAND, Texas—Singer Equities Inc. has acquired the assets of Unisource Manufacturing Inc. and its subsidiaries, giving the firm more distributor coverage on the West Coast.
Portland, Ore.-based Unisource Mfg. was founded by Joe Thompson in 1980 as Intermountain Industrial Supply. It has sites in Portland; Santa Fe Springs, Calif.; and Kent, Wash., operating under the Unisource Mfg. banner. It also has a second Portland facility that does business as Poly-Flow L.L.C., along with its Able Hose and Rubber L.L.C. subsidiary in Roseville, Minn.
Unisource Mfg. is a distributor focusing on the industrial, hydraulic, metal, fluoropolymer and thermoplastic hose lines, selling to a diverse end market base through multiple channels, according to Singer Equities President Don Fritzinger.
“The addition of Unisource Mfg. and subsidiaries will expand our geographic footprint to the West Coast and 40 locations, while augmenting our portfolio of products and services in our core hose businesses,” he said in a statement.
Thompson will remain as president of the business as will the staff of 97. The products will continue to go to market under the current brand names.
“This strategic partnership was established as a means to provide an exit plan for me over the next five to seven years, while providing a solid succession plan for our Unisource/Poly-Flow family of employees,” Thompson said. “This plan is one that we directed and instituted from the beginning, searching for the appropriate partner that would allow us to maintain our identity, culture and business model.”
Singer and Bishop Lifting Products are wholly owned subsidiaries of Pearland-base SBP Holding, which has 61 locations to provide industrial rubber and wire rope and rigging products and services to a broad base of industrial end markets throughout the U.S.