Kenco Hydraulics and its subsidiaries have been acquired by SBP Holdings, which will place Kenco within the holding company’s fluid power/automation platform, Dakota Fluid Power.
The acquisition was final on June 1.
The fluid power/automation platform is the third business vertical within the holding company, along with its industrial rubber vertical, Singer Equities, and its rigging and rental vertical, Bishop Lifting Products. With the Kenco acquisition, SBP Holdings increases its North America footprint to approximately 100 locations with over 1,300 employees.
Kenco Hydraulics, established in 1989 by president Ken Veit, operates from a single location in Hatfield, Pennsylvania, with approximately 19 team members. Kenco Hydraulics provides sales and repair services for all types of hydraulic products including hose, pumps, cylinders, and filtration. Kenco Hydraulics is the region’s leading expert in repair and clearly understands and responds to the urgency of customers’ requirements in several key markets, including construction, mobile equipment, and in-plant systems. Veit will continue to manage the Kenco Hydraulics operation and expand the enterprise through organic growth and cooperation with other SBP Holdings companies.
For more information, visit www.sbpholdings.com.