Milton Industries, Chicago-based pneumatic and hydraulic accessories supplier, announced it has acquired ProMAXX Tool.
Designer and manufacturer of proprietary on-the-vehicle exhaust manifold repair (EMR) kits and other specialty tools, Pittsburgh, Pennsylvania- based ProMAXX Tool has been in business for more than 13 years serving U.S. and international customers. The company supplies fuel injector pullers, oil seal extractors, exhaust manifold repair kits and other specialty hand tools for Dodge, Ford, General Motors, Isuzu, Mac, Subaru, Volvo and other major automotive, light truck, and heavy-duty truck brands, according to Milton Industries.
“This expands Milton’s reach into ProMAXX’s truck and automotive specialty hand tool product offerings and market channels,” says Greg Carlson, CEO of Milton Industries. “We plan to use our collective design, manufacturing and marketing expertise to broaden both brands’ industry footprints. Our combined people, knowledge, and distribution will serve to fuel our continued growth.”
“ProMAXX has experienced a 35% growth trajectory since the company launched 13 years ago,” says Jeff Del Rossa, founder and president of ProMAXX Tool. “We have strong relationships with Ford, GM and Dodge dealerships and independent shops, enabling the design of outstanding value added tool solutions. Also, with Milton’s deep roots in the auto aftermarkets, agricultural, government and solid e-commerce presence, we are on-track to break our own records.”
Carlson will continue as CEO of Milton Industries. Del Rossa will lead the growing Specialty Tool Group of Milton Industries, while continuing to oversee ProMAXX product design and development into the foreseeable future, according to the companies.
Milton’s core management team partnered with its financial sponsor, LLCP (Levine Leichtman Capital Partners) on this acquisition.