Rubber parts supplier Singer Industrial to expand after €350m deal

New York – Singer Industrial, a major distributor of industrial rubber and fluid power products in the US has undergone a change in ownership, equity firm AEA has announced.

Having completed a $384-million (€350-million) ‘continuation fund’, it said, AEA Investors Small Business Private Equity acquired a majority stake in Singer from AEA Investors Small Business Fund II and other owners.

The funding will go towards Singer Industrial’s “sustained growth and expansion” as an industrial rubber and fluid power platform, according to AEA.

As part of its growth strategy, the Dallas, Texas-based rubber products supplier will accelerate its M&A activites, added its 19 April statement.

Funding will also support investment in “greenfields, digital lead generation and enhanced technology infrastructure,” said Alan Wilkinson, an AEA executive and partner.

Formerly known as SBP Holdings, 1000+ employee Singer Industrial distributes rubber hose, belt, fluid power and automation products in North America.

With 85 locations, the company, which emerged from the purchase of Hampton Rubber in 1999, bills itself "as one of America’s biggest industrial distributors."