SMX Industrial Solutions

SMX Industrial Solutions is the holding company of two iconic metal fabrication equipment brands. Scotchman Industries, based in Philip, SD, is a market leading manufacturer of hydraulic ironworkers, cold saws and hydraulic presses. The company has a legacy of more than five decades and is renowned for its commitment to quality, innovation, and customer satisfaction. Steelmax Tools, with operations in Colorado and Pittsburgh, Pennsylvania, is a key supplier of fabrication and welding mechanization solutions, including magnetic drilling machines, plate and pipe bevellers and trackless and track-mounted welding carriages.

STATUS

Active

HQ LOCATION

Colorado

INDUSTRY

Precision Manufacturing

FUND

Junior Capital Fund III

DEAL TEAM

Stephen Gurgovits, Jr., Tyson Smith, Jack Surma, and Zac Forsyth

INVESTMENT DATE

09/22/2023

Add-On Acquisition Criteria

IDEAL TARGET CHARACTERISTICS

Metal Fabrication and Welding Equipment

SIZE

REVENUE

$5MM+

END MARKETS SERVED

Industrial metal fab and welding distributors