A strap assembly which may be attached to an overhead hanger is molded with three components used for suspending wires or pipes from an overhead structure such that the three components may be sold and shipped as a single unit, then singulated by the user to use separately. One component is a strap for forming a saddle to hold wires, pipes, and the like; a second component is a dual-function fastener which may be used to permanently attach the strap to a connector, such as a multifunction clip and temporarily fasten the other end of the strap to itself; a third component is a protective tip which may be pushed onto the end of the hanger. The dual-function fastener may be used alone for other purposes.