HOUSTON—Singer Equities Inc. has purchased Quality Conveyor Solutions L.L.C., which provides conveyor belt, accessories and field services, including installation and mobile maintenance. Terms of the deal were not disclosed.
QCS is based in Roanoke, Va., and has other locations in Covington and Richmond, Va.; Baltimore; Rocky Mount, N.C.; and Kingsport, Tenn. It serves such markets as aggregate, pulp and paper, power generation and cement.
The business was founded in 2016 and will continue operating under the QCS name. Owners Aaron Atwell, Bill Bettridge, Junior Purdue, Doug Stanley and Geoff Emery will continue in their key management roles, according to a Singer Equities news release.
Atwell will serve as vice president and general manager of QCS, which will merge operations with Virginia Carolina Belting, a division of Singer Equities based in Salem, Va.
"Unifying QCS and VCB, combined with Signer's conveyor services out of RW Connection in Lancaster, Pa., will make us the strong belt service company in the Mid-Atlantic region," Atwell said.
Singer Equities President Sam Petillo said the owners and their 37 employees have significantly grown the business in a short period of time. "We are excited to add their knowledge base and conveyor service experience to the Singer family," he said in a statement.
Singer Equities, along with Bishop Lifting Products and Dakota Fluid Power, are wholly owned subsidiaries of Houston-based SBP Holdings. The three "vertical subsidiaries" combined have 86 locations that provide industrial rubber, wire rope, rigging, fluid power products and services to a wide range of industrial markets throughout North America.
The Bishop Lifting Products vertical also completed a purchase in early February, acquiring Longview, Wash.-based Woods Logging and Industrial Supply. It services the logging, marine and construction industries with spooling services, rigging products, wire rope and hydraulic solutions.
SBP Holdings bought Dakota Fluid Power to serve as the platform company for its third vertical, which focuses on the fluid power repair and services industry.