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