Preston Eastin Acquired by SMX Industrial Solutions

Angle Advisors announced that Preston Eastin, a leading provider of innovative welding positioning equipment, has been acquired by SMX Industrial Solutions. The acquisition aligns with SMX Industrial Solutions' commitment to providing superior products and services that drive productivity and innovation in the metal fabrication industry. Preston Eastin's solutions cater to a wide array of industries, including welding, aerospace, aviation, automotive, energy, transportation, shipbuilding, material handling, thermal spray, and heavy equipment manufacturing.

Key Takeaways:

• Preston Eastin, a portfolio company of The Mendota Group, Capital for Business, and InvestAmerica Investment Advisors, has been acquired by SMX Industrial Solutions.
• SMX Industrial Solutions is a portfolio company of Emko Capital, a middle-market private equity firm specializing in investments in American industrial companies.
• Preston Eastin's operations will continue to be led by Gary Gamino and his team in their current Tulsa, OK, location, ensuring a seamless transition for employees and customers alike.
• Preston Eastin serves OEMs, robotic integrators, and machine shops of all sizes across the United States and North America.
• The Mendota Group is a private equity firm that seeks to invest in the manufacturing and industrials sectors, focusing on companies in the Midwest.
• Capital For Business is a middle-market industrial growth investment firm that provides capital to middle-market manufacturing and value-added industrial services companies.

Statistics:

• Preston Eastin is headquartered in Tulsa, Oklahoma, and serves the United States and North America.
• The company has provided innovative welding positioning equipment, including manual and robotic positioners, to various industries.
• SMX Industrial Solutions has operated for nearly 80 years, serving fabricators of all sizes with advanced fabrication and welding solutions.
• Angle Advisors has completed over 299 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients.

Sources:

• Angle Advisors
• The Mendota Group
• Capital For Business
• SMX Industrial Solutions
• Emko Capital
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