Benchmark International is pleased to announce the transaction between Steck Manufacturing and Milton Industries.
George Steck started Steck Manufacturing Company as Steck's Paint & Body Shop in 1946. Steck has continuously manufactured tools and equipment for the collision repair industry in it’s original location in Dayton, Ohio, for over fifty years.
Milton Industries, Inc. was founded in 1943 as a family business based in Chicago, Illinois. Milton has been the product of choice for pneumatic accessories for the past 70 years. Their products have various applications and support a range of different industries such as: automotive, fleet maintenance, construction, and manufacturing. Milton remains the industry forerunner in high-quality pneumatic accessories and fittings. They are still confidently living up to their legacy of superior products and reliability, to this day.
This acquisition furthers Milton Industries' aggressive growth strategy by complementing each other’s existing product lines.
"This is a textbook example in many ways. Both parties were extremely professional, and our client prepared to move quickly. Developing a strong business relationship with this buyer in a past proved to be very efficient to close a second deal back-to-back". –Director Etienne Deslauriers., Benchmark International
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL:
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $10 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.