SMT Acquires Texas-Based ROMCO Equipment Co.
March 9, 2022
Brussels-based SMT has acquired ROMCO Equipment Co. (ROMCO, Inc.), a Dallas-headquartered, family-owned Volvo construction equipment distributor, in a transaction that closed on March 9, 2022. The deal transfers ROMCO's twelve Texas locations and ~290 employees to SMT as the company expands into the U.S. market and plans investments in rental activities, technical upgrades, and employee development.
- Buyers
- SMT
- Targets
- ROMCO, Inc. (ROMCO Equipment Co.)
- Sellers
- Mullins family
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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