Emko Capital Recapitalizes Scotchman Industries and Steelmax Tools to Form SMX Industrial Solutions
October 3, 2023
Emko Capital recapitalized Scotchman Industries and Steelmax Tools and created the new holding company SMX Industrial Solutions to combine the two metal-fabrication equipment brands. Tecum Capital provided supporting debt and equity and Woodforest National Bank participated in financing; the new platform will broaden the companies' product portfolio and support future acquisitions across manufacturing, construction and energy end markets.
- Buyers
- Emko Capital, Tecum Capital, Woodforest National Bank
- Targets
- Scotchman Industries, Steelmax Tools
- Platforms
- SMX Industrial Solutions
- Industry
- Manufacturing
- Location
- South Dakota, United States
- Transaction Type
- Recapitalization
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