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 Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | Fairlawn Tool Inc., Laser Specialties, Inc., Summit Steel & Manufacturing Inc., Summit Storage Solutions | - | ||||||||
| Add-on | Completed | Laser Specialties, Inc. | - | ||||||||
| Buyout | Completed | Summit Steel & Manufacturing Inc. | - |
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