Summit Steel & Manufacturing Inc.

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Summit Steel & Manufacturing Inc. - overview

Established

1992

Location

Reading, PA, US

Primary Industry

Industrial Machinery

About

Summit Steel & Manufacturing Inc. excels in industrial welding and metal fabrication, offering customized solutions across various sectors, including aerospace, automotive, and defense, enhancing operational efficiency for clients worldwide. Founded in 1992 and headquartered in Reading, US, Summit Steel & Manufacturing Inc. specializes in metal fabrication services.


The company recently merged with Fairlawn Tool Inc. , Laser Specialties, Inc. , and Summit Storage Solutions to form Caldera Manufacturing Group on October 24, 2023, aiming to enhance its service offerings. The founder's history is not detailed, and the company has completed a total of 2 deals.


Caldera Manufacturing Group provides a comprehensive range of industrial welding and metal fabrication services, including custom laser cutting, welding, metal stamping, CNC machining, and powder coating. These services cater to diverse sectors such as aerospace, automotive, energy, food processing, military, telecommunications, and transportation, ensuring compliance with rigorous industry standards and client specifications, while serving a global customer base across North America, Europe, and Asia. Caldera Manufacturing Group generates revenue through direct B2B transactions, engaging in contractual agreements that outline project scopes and pricing for metal fabrication services. This structure fosters long-term partnerships with manufacturers and OEMs, allowing for flexible pricing models tailored to client needs, particularly in flagship services like custom CNC machining and robotic welding.


The recent merger on October 24, 2023, positions Caldera Manufacturing Group to expand its services and capabilities significantly. The acquisition will bolster the company's ability to offer new products and enhance existing services. Future plans include targeting additional markets and geographic regions as the company seeks to leverage its expanded capabilities for growth in the manufacturing sector.


Current Investors

Ironwood Capital, Lorraine Capital, Caldera Manufacturing Group

Primary Industry

Industrial Machinery

Sub Industries

Industrial Machinery, Steel & Metals

Website

www.summitsteelinc.com

Verticals

Manufacturing

Company Stage

Merged

Total Amount Raised

Subscriber access only

Summit Steel & Manufacturing Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
MergerCompletedFairlawn Tool Inc., Laser Specialties, Inc., Summit Steel & Manufacturing Inc., Summit Storage Solutions-
Add-onCompletedLaser Specialties, Inc.-
BuyoutCompletedSummit Steel & Manufacturing Inc.-

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