US industrial rubber goods firm sold to private equity

ERJ staff report (DS)

Glen Burne Maryland -- Private equity company LLR Partners Inc. (“LLR”) said it has bought US family-owned rubber firm, Singer Equities, Inc. (“Singer”).

LLR said Singer is a group of value-added distributorships in the industrial rubber products industry operating through five companies - Allied Rubber and Rigging, Hampton Rubber Company, National Hose and Accessory, PRC Industrial Supply and R/W Connection. Singer services a national customer base through its 11 branches located in Maryland, Maine, Pennsylvania, Virginia and Texas.

Singer was formed in 2005 after Allied Rubber and Rigging, Hampton Rubber Company and R/W Connection were jointly spun out from the Indusco Group, a fabricator and supplier of wire rope and rigging equipment. PRC Industrial and National Hose and Accessory were acquired by Singer in 2006 and 2007.

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Press release from LLR

Singer Equities' website