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In 1900 an overhead shaft hangar made of brittle cast iron broke at the American Pulley Company where the young draftsman worked.
Hallowell designed a better hangar made from pressed steel, which was patented in 1901.
In 1903 Hallowell and Harald F. Gade, a Norwegian engineer, along with their friends and relatives, started the Standard Pressed Steel Company in a rented Philadelphia plant to make the improved hangars.
In 1906 the firm began making socket set screws and soon a new plant was added just for the many screws, bolts, and other threaded items needed for the company's products.
In 1937 the firm began making those screws in Coventry, England, which led to the founding of Unbrako Socket Screw Company Ltd.
In 1941 the firm set up the nation's first commercial machinery to test the fatigue of its fasteners.
In 1962 company sales topped $100 million from selling its products in 52 countries.
In 1979 SPS acquired an automated materials handling firm.
After a loss of $800,000 on net sales of $319.1 million in 1993, the firm's finances improved during the rest of the decade.
And now in 2016, we’ve grown to become one of the largest airport equipment suppliers in Europe.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Tax Consultants Group | - | $410,000 | 3 | - |
| First Command Financial Services | 1958 | $2.2B | 1,000 | 116 |
| Commonwealth | 2019 | $21.9B | 43,585 | 55 |
| Jones & Roth CPAs and Business Advisors | 1946 | $8.0M | 300 | 2 |
| Florida Community Loan Fund | 1994 | $5.0M | 30 | - |
| Management Planning | 1939 | $8.7M | 75 | 1 |
| Scheffel Boyle | 1924 | $8.2M | 111 | - |
| Scott Price & Co | - | $1.3M | 22 | - |
| Enter | 2013 | $140,000 | 5 | 3 |
| Grossberg | 1924 | $9.5M | 67 | - |
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