Singer Equipment Acquires FSI

December 15, 2017

To All Customers:

I am pleased to announce that Singer Equipment has acquired the foodservice equipment design and distribution business of Facilities Services, Inc. (FSI) of Annapolis, MD.

Facilities Services, Inc. is a specialized provider of commercial food service equipment, engineering, custom stainless fabrication, logistics, and project fulfillment. FSI serves the hospitality and lodging industries nationwide for major remodels, renovations and new construction. Kevin Richards, the founder and current President of FSI, will continue as the executive leading the new division which will operate as FSI, a division of Singer MD, LLC. Kevin will report to Rod White, President of Ashland Equipment.

FSI will be supported primarily by the Ashland Equipment team and will grow the Singer MD business by approximately 15%. This acquisition will allow the FSI team to operate more efficiently, improve their buying power, and grow more rapidly.

FSI has built a strong reputation for quality work and deep expertise. They share our culture of building their business on impeccable service and long-term business relationships. I know that they will fit right in as part of our team.

This acquisition moves us toward the realization of our strategic long-term goals. “To be the leading dealer from NY to DC, and to be recognized as a dealer of choice by national chains, contract feeders and quality general contractors.” This acquisition is another step toward achieving this goal by expanding our footprint and presence in the greater DC market and building our national reputation in the hotel and lodging segment.

We will continue to build our business so that we can bring you a more complete solution, both geographically and in terms of the services we offer. Everything we do is to become a more helpful and effective partner to your business – to make us more responsive to your needs and to create solutions to your evolving challenges. I am deeply appreciative of your business and the trust you put in our company every day. We could not have reached this day without the wonderful customer relationships we have built over the last decades. I, and the entire team at Ashland, FSI and Singer, will continue to work hard to delight you!

Sincerely,

Rod White, President