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., Zac Forsyth, and Josh Savacool
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