SALE OF PRESTON EASTIN
- kmarsh41
- 2 hours ago
- 3 min read
PRESTON EASTIN HAS BEEN ACQUIRED BY SMX INDUSTRIAL SOLUTIONS
Birmingham, Michigan – April 28, 2025 – Angle Advisors is pleased to announce that Preston Eastin, a portfolio company of The Mendota Group, Capital for Business, and InvestAmerica Investment Advisors, has been acquired by SMX Industrial Solutions, a portfolio company of Emko Capital. Angle Advisors acted as the exclusive investment banking advisors to Preston Eastin in completing the transaction.
Headquartered in Tulsa, Oklahoma, Preston Eastin is a leading provider of innovative welding positioning equipment, including manual and robotic positioners. Preston Eastin’s solutions are engineered to meet the specific needs of a wide array of industries, including welding, aerospace, aviation, automotive, energy, transportation, shipbuilding, material handling, thermal spray, and heavy equipment manufacturing. Preston Eastin serves OEMs, robotic integrators, and machine shops of all sizes across the United States and North America.
“We are thrilled to welcome Preston Eastin to the SMX Industrial Solutions family,” said Kevin Allen, CEO of SMX Industrial Solutions. “This acquisition aligns with our commitment to providing superior products and services that drive productivity and innovation in the metal fabrication industry. Together, we will continue to support our customers with the highest quality solutions.”
Preston Eastin’s operations will continue to be led by Gary Gamino and his talented team in their current Tulsa, OK, location, ensuring a seamless transition for employees and customers alike. “My team and I are excited to be joining the SMX family and look forward to helping them accomplish their mission to provide innovative, industry-leading solutions to our customers.” said Gary Gamino.
Nick Jackson, Principal of The Mendota Group and outgoing Chairman, remarked, “Angle Advisors' deep industry expertise, global network, and established history of strong performance in Automation-related transactions helped us realize our investment and close with a strategic buyer poised to build upon the Company’s remarkable growth in Automation.”
The Mendota Group is a private equity firm founded in 2000 and based in Madison, Wisconsin. The firm seeks to invest in the manufacturing and industrials sectors and brings operational expertise, financial ingenuity, and industry experience to active partnerships with the management teams at portfolio companies. For additional information, please visit www.themendotagroup.com.
Capital For Business® (CFB) is a middle-market industrial growth investment firm committed to providing capital to middle-market manufacturing and value-added industrial services companies. For additional information, please visit www.cfb.com.
SMX Industrial Solutions provides innovative productivity-enhancing solutions to steel fabricators worldwide. SMX’s operating companies, Scotchman Industries and Steelmax Tools, are leaders in providing advanced fabrication and welding solutions with nearly 80 years of combined experience serving fabricators of all sizes. For additional information, please visit www.smx-industrial.com, www.scotchman.com or www.steelmax.com.
Emko Capital, with offices in Charlotte, NC, and Philadelphia, PA, is a leading middle market private equity firm specializing in investments in American industrial companies. With a strong belief in the value and strength of American manufacturing, Emko partners with business owners to create value and long-term success. For additional information, please visit www.emkocapital.com.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed over 299 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.