SBP Holdings acquired Hydrafab LLC on 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 more than 1,000 employees.
Hydrafab 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 Wyoming and clearly understands and responds to the urgency of customers’ requirements. Key markets include mining, construction equipment and in plant systems. The Hlads will continue to manage the Hydrafab operation and expand the enterprise through organic growth and cooperation with other SBP Holdings companies.
“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,” said SBP CEO Craig Osborne.
“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,” said Dakota Fluid Power President Rick Lindemann.
“I feel strongly that we have teamed up with the right group to continue the Hydrafab tradition of supporting customers,” said Mark Hlad.
SBP Holdings
www.sbpholdings.com
Dakota Fluid Power
www.dakotafluidpower.com
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