Milton Industries Acquires Steck Manufacturing

Milton Industries Acquires Steck Manufacturing   

Milton extends tool offerings in automotive repair, collision repair, lockout and towing markets.

Milton Industries has announced its acquisition of Steck Manufacturing Co., a developer and manufacturer of specialty tools for the automotive aftermarket. For more than 50 years, Steck, based in Dayton, Ohio, has provided specialty tools to automotive repair, body shop, heavy-duty truck, lockout and towing markets across the globe.

This is Milton’s fifth vehicle aftermarket-related acquisition. Among the company’s recent acquisitions are ProMAXX ToolLTI Tools/Casey Tool (Lock Technologies)National-Spencer (Zee-line), and GHMeiser (AccuGage).

“This expands Milton’s reach into Steck’s automotive and truck specialty tool offerings and market space,” said Greg Carlson, CEO of Milton Industries. “We will use our design, manufacturing and marketing expertise to broaden both brands’ market share. Our newly combined teams, knowledge and distribution channels will be a catalyst for continued growth.” 

“The folks at Milton have been great,” said Chris Brill, president of Steck Manufacturing Co. “We share the same values and work ethic. We value our employees, our customers and the integrity of the product. So, I couldn’t have asked for a better company to work with.”

“The acquisition will expand our product line into new industries and get our tools into the hands of more customers,” Brill said. “And our employees are joining a much larger company, so they get the benefits and security that come along with a company of more than 200 employees, as opposed to a company of 13 employees.

Carlson will continue as CEO of Milton Industries. Brill will continue with Steck for a 90-day transition period. Milton’s core management team partnered with its financial sponsor, LLCP (Levine Leichtman Capital Partners) for the acquisition. 

Milton and Steck bring substantial experience and expertise to their newly combined markets in automotive, body shop, heavy-duty trucks and commercial/governmental fleets. 

Based in Chicago, Illinois, Milton Industries develops, manufactures and markets precision-engineered products. The company has expanded its market presence in the automotive and heavy-duty truck market with the acquisition of ProMAXX Tool, Zee Line, LTI Tools/Casey Tools, and GHMeiser/AccuGage. This, together with the recent launch of the Milton EV tools product line, creates a growth-centered specialty tool solutions offering for service technicians and prosumers.

Currently, Milton is focused on aggressive, organic and acquisitive growth. Milton also makes more than 1,600 pneumatic and hydraulic products and accessories including safety couplers, plugs, gauges, inflators, chucks, hose reels, blow guns, specialty hand tools & kits, filter regulator lubricators (FRLs), and signaling devices.

You May Also Like

MPA Introduces New Brake-Related Product Part Numbers

The new part numbers are offered through QB, Quality-Built and Quality-Built Black Series brands powered by MPA.

Quality-Built-brake-parts-MPA

Motorcar Parts of America Inc. announced it has introduced expanded product coverage for its Quality-Built brake pad and rotor program, with more than 20 new part numbers covering an additional seven million vehicles in operation.

The new part numbers are offered through QB, Quality-Built and Quality-Built Black Series brands powered by MPA, which serve the professional installer market. A list of the new part numbers is available here.

FCS Introduces 18 New Numbers in February

The new release includes 4 shock absorbers and 14 suspension struts.

FCS Introduces 18 New Numbers in February
Victor Reinz Reinzosil Sealant Added to Spicer CV Service Kits

Victor Reinz Reinzosil vulcanizing silicone boosts resistance to various fluids, making it sensor-safe for a wide range of applications.

Victor Reinz Semi Truck Reinzosil
Tenneco Introduces Add-On Valve Technology 

The company says the RideRefine SDD valve brings new levels of versatility, tunability and comfort to passive damper performance.

Valvoline Ushers in New Era of Environmental Stewardship

Valvoline is providing solutions for ICE vehicles to be as clean and long-living as possible to benefit the environment of today and tomorrow.

Roger_England

Other Posts

M&A in Germany: Distressed Companies and Insolvency Laws

Phil Hertzog discusses the value proposition of investing in distressed companies in Germany, among other topics.

M&A in Germany: Distressed Companies and German Insolvency Laws
Fenix Parts Acquires Pacific Rim Auto Parts

Pacific is a specialty automotive recycler focused on eCommerce part listings and sales.

Fenix Parts Acquires Pacific Rim Auto Parts
Saneg Acquires CGC Lubricants Italy

The acquisition marks a significant step forward in Saneg’s expansion into the European market.

Saneg Acquires CGC Lubricants Italy
NPW Welcomes Automotive Installers Warehouse to Its Network

Automotive Installers Warehouse has been an NPW customer since 2013 and has merged with NPW as part of its ongoing expansion.

National Performance auto Parts Warehouse_