FalconPoint Partners Acquires SMS (Scrap Metal Services)

Sims Metal Acquires Baltimore Scrap Corp

August 15, 2023

Environmental Services

Sims Metal, the metal recycling business of Sims Limited, has agreed to acquire the assets of Baltimore Scrap Corp and its affiliates for US$177 million plus working capital and other adjustments. The deal adds 17 facilities (including four shredders) across Maryland, Virginia, Pennsylvania, New York and New Jersey and ~600,000 tonnes per year of scrap volume, strengthening Sims' North American footprint; the transaction is expected to close in October 2023 subject to customary approvals.

Massey Capital Acquires SMS Machine Tools Limited

April 22, 2022

Industrial Services

Toronto-based private equity firm Massey Capital, in partnership with industry executive Craig Collison, has acquired SMS Machine Tools Limited, a long-established distributor and servicer of CNC machines serving Ontario and Quebec. Existing management will remain in place—Brian Smith as President and Craig Collison as General Manager—while Massey partner Scott Newhouse will join as CEO as the firm looks to grow the business over the long term.

SMS Equipment Acquires Suomen Rakennuskone Oy

January 22, 2026

Industrial Services

Canadian heavy equipment dealer SMS Equipment has acquired Suomen Rakennuskone Oy, a Finland-based exclusive Komatsu dealer, marking SMS Equipment's first entry into the European market. Suomen Rakennuskone, headquartered in Pirkkala, provides sales, maintenance, parts, training and technical support to Finland's construction and mining sectors; financial terms were not disclosed.

Pullman SST Acquires Structural Maintenance Systems (SMS)

August 30, 2023

Construction

Pullman SST, Inc., a Structural Group Company, has acquired Structural Maintenance Systems, Inc. (SMS) to expand Pullman's masonry and concrete repair capabilities and geographic presence in the Philadelphia and Northeast U.S. region. SMS, founded in 1978 and based in the Philadelphia area, will be integrated into Pullman's operations to broaden service capacity and better serve regional clients.

Mid-State Industrial Acquires AZZ SMS From AZZ Inc.

October 28, 2020

Industrial Services

CenterGate Capital-backed Mid-State Industrial Maintenance has acquired AZZ SMS LLC from AZZ Inc. AZZ SMS, headquartered in St. Petersburg, Florida, is a specialty provider of turnkey boiler repair, maintenance and overhaul services; the acquisition expands Mid-State's service capabilities in the power generation and pulp & paper markets.

TMS International Acquires Stein (Stein, LLC / Stein Steel Mill Services, LLC)

December 31, 2020

Industrial Services

TMS International has acquired the business and assets of Stein, LLC and Stein Steel Mill Services, LLC, a family-owned provider of steel mill services headquartered in Cleveland, Ohio. The acquisition (approximately 500 employees) expands TMS's service capabilities and U.S. footprint, adding slag removal, scrap management, recycling, material handling and mill maintenance capabilities across seven states.