Scotchman Industries and Steelmax Tools, both leading providers of steel fabrication equipment and solutions, have announced their merger to create the SMX Industrial Solutions group of companies. This strategic move has been made possible with the investment support of Emko Capital.
The newly formed SMX Industrial Solutions group will capitalize on the strengths of Scotchman and Steelmax, including their existing product portfolios, internal technology development, and a commitment to further acquisitions. By doing so, the company aims to provide an extensive and continually expanding range of steel fabrication tools and solutions to customers across various industries. These industries include manufacturing, construction, and energy, among others.
Scotchman Industries, headquartered in Philip, South Dakota, boasts a legacy of over five decades in the industry. They are known for manufacturing hydraulic ironworkers, cold saws, and hydraulic presses.
On the other hand, Steelmax Tools, with operations in Colorado and Pennsylvania, is recognized for supplying fabrication and welding mechanization solutions. Their offerings include magnetic drilling machines, plate and pipe bevellers, and both trackless and track-mounted welding carriages.
Emko Capital, with offices in Charlotte, North Carolina, and Philadelphia, Pennsylvania, is a private equity firm specializing in middle-market investments in American industrial companies.
This merger brings together the expertise and capabilities of two established industry leaders, setting the stage for a stronger and more comprehensive suite of solutions for customers in the steel fabrication sector and related industries.