Singer Equities acquires Unisource
Singer Equities has acquired the operating assets of Unisource Manufacturing Inc. and subsidiaries headquartered in Portland, Ore.
The business was founded by Joe Thompson in 1980 as Intermountain Industrial Supply and has expanded its operations to five locations operating as Unisource Manufacturing in Portland, Santa Fe Springs, Calif. and Kent, Wash., along with the Poly-Flow LLC operations at a second Portland facility and the Able Hose and Rubber LLC business unit in Roseville, Minn. Joe Thompson will remain with the business as president of the entity while retaining his current staff of 97 employees that will continue to go to market under their legacy names.
“Joe Thompson and team have built an outstanding business over the past 35 years with a true passion for the industrial, hydraulic, metal, fluoropolymer and thermoplastic hose product lines selling to a very diverse end market base through multiple channels,” said Don Fritzinger, president of Singer Equities.
He added that the addition of Unisource Manufacturing and subsidiaries will expand Singer's geographic footprint to the West Coast, while augmenting the company's portfolio of products and services in the core hose businesses.
Thompson added, “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. 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 Equities maintains a hands-off approach, investing in financially successful businesses with strong management personnel, allowing them to function with total autonomy. All business plans for today and into the future remain the same.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
