Pullman SST Acquires Structural Maintenance Systems (SMS)

PULLMAN Acquires National Restoration Systems (NRS)

February 28, 2025

Construction

PULLMAN, a Structural Group, Inc. company, has acquired National Restoration Systems, Inc. (NRS), a Chicago-area concrete and masonry restoration contractor. The deal, completed February 28, 2025, expands PULLMAN’s capabilities and establishes a presence in the Chicago market.

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.

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.

Jensen Hughes Acquires Safety Management Services, Inc.

December 9, 2025

Engineering Services

Jensen Hughes, a Gryphon Investors-backed global engineering and consulting firm, has acquired Safety Management Services, Inc. (SMS), an energetic materials and process safety engineering and testing firm headquartered in West Jordan, Utah. The deal expands Jensen Hughes' capabilities in process safety, energetic materials testing and related risk-management services and will be integrated into its broader global platform.

FalconPoint Partners Acquires SMS (Scrap Metal Services)

August 26, 2025

Industrial Services

FalconPoint Partners has acquired SMS (a carve-out of Scrap Metal Services LLC), a provider of outsourced steel mill services and marine vessel decommissioning, and has committed $500 million to support the business's growth, technology modernization, and acquisition pipeline. The deal positions FalconPoint to scale SMS's commercial capabilities and expand operations across the United States, Europe and South America while preserving SMS's management team and safety-first service model.

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.