August 1, 2022 — Dallas, Texas

On Monday August 1, 2022 SBP Holdings has joined forces with Mattson Distributing Company.
Mattson will operate within the Fluid Power & Automation Division of SBP Holdings. With this addition
SBP Holdings will increase its North America footprint to approximately 70 locations with over 1,000
employees.

Mattson Distribution, established in 1957 has been owned and operated by husband-and-wife team
Gary and Susie Mattson. The business operates from one location in Boise, Idaho. Mattson sells and
services a full line of industrial pressure washing equipment. Mattson is the region’s leading expert in
repair and clearly understands and responds to the urgency of customers’ requirements in several key
markets including agriculture, construction, mobile equipment and in plant systems. Gary and Susie will
continue to manage the operation during the transition and plans are in place to expand the enterprise
through organic growth and cooperation with other SBP Holdings companies. Gary Mattson said, “We
have been proud to serve the Treasure Valley over the past 65 years and are extremely confident that
this transition will benefit our customers as well as our employees by providing the same excellent sales
and service while providing a stronger network and expanded offerings.”

SBP CEO Craig Osborne said, “We are truly excited about teaming up with and Gary and Susie and the
Team at Mattson to grow our presence in the rapidly growing Boise market. 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.” SBP Fluid Power President Scott Wojciak added “Joining
forces with Gary, Susie and the entire Mattson team improves our already strong position with Watts
Steam Store and will drive further growth and innovation in the Boise Region creating more value for
our employees, customers and stake holders. We are really excited about what the future will bring.”
Watts Steam Store President Tracy Watts said, “We have a current relationship with Mattson and their
team and customers, and we look forward to expanding that over time.”

SBP Holdings provides mission critical components, inspection and testing services, repairs and
specialized rental activities throughout North America. More information can be provided by viewing
www.sbpholdings.com, www.singerequities.com, www.dakotafluidpower.com,
www.wattssteamstore.com, www.hotsyidaho.com