March 1, 2022 -- Dallas, Texas
SBP Holdings acquired Hydrafab LLC on Tuesday, March 1, 2022. Hydrafab will operate within the fluid power / automation platform (Dakota Fluid Power) for SBP Holdings. The fluid power / automation vertical of SBP Holdings is one of two platform businesses along with its Industrial Rubber vertical (Singer Equities). With this addition, SBP Holdings will increase its North America footprint to approximately 70 locations with over 1000 employees.
Hydrafab LLC was established in 2007 by Founders Mark and Amy Hlad, operates from one location in Green River, WY with approximately 14 team members. Hydrafab provides repair services, fabrication, and sales for all types of hydraulic products including pumps, valves, and cylinders. Hydrafab is a leading expert in repair in the mining operations of WY and clearly understands and responds to the urgency of customers’ requirements. Key markets include mining, construction equipment, and in-plant systems. The Hlad’s will continue to manage the Hydrafab operation and expand the enterprise through organic growth and cooperation with other SBP Holdings companies.
SBP CEO Craig Osborne said, “We are truly excited about teaming up with Mark and Amy and the Team at Hydrafab to continue to expand our fluid power offering and geographic footprint. Fluid Power continues to be a large addressable market with tremendous opportunity for growth and there is no question we have a solid base and the ability to expand.” Dakota Fluid Power President Rick Lindemann added “We are looking forward to having the Hydrafab Team join our Fluid Power group! Their reputation and business model of providing fast turnaround and quality service to their customers aligns very well with the other companies in our platform.”
Mark Hlad said, “I feel strongly that we have teamed up with the right group to continue the Hydrafab tradition of supporting customers.”
SBP Holdings provides mission-critical components, systems, inspection and testing services and repairs throughout North America. More information can be provided by viewing
www.sbpholdings.com,
www.singerequities.com,
www.dakotafluidpower.com.