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