Massey Capital Acquires SMS Machine Tools Limited
Etobicoke, ON – We are pleased to announce that Massey Capital, in partnership with Craig Collison, have acquired SMS Machine Tools Limited (“SMS”). SMS was advised by Distinct Capital Partners.
Brian Smith will remain as President, Craig Collison will stay on as General Manager and Scott Newhouse, a Partner in Massey Capital, will join the SMS team as its CEO.
Established in 1943, SMS is recognized as an industry leading distributor and servicer of CNC machines and tools in Ontario and Quebec.
Roman Kocur, Managing Partner of Massey Capital said that “we have made an excellent long-term investment with a company that has great employees, excellent product lines, and loyal customers”. Mr. Kocur said, “we look forward to working with the SMS team, under Brian and Craig’s continued leadership, to grow the business for the long run”.
Brian Smith, who joined the company in 1985 said “Massey Capital shares the values upon which SMS was founded more than 79 years ago: the values of maintaining strong relationships with international CNC manufacturers and providing outstanding customer service. We are confident that our great team supported by Massey Capital will continue to operate the business in a way that continues the great legacy that has been created”.
About MC Massey Capital Holdings Inc.
Massey Capital is a Toronto based firm that invests in lower mid-market companies in Canada, defined as business with annual EBITDA less than $5.0 million. Massey Capital’s vision is to work with management teams to help businesses achieve their full potential. Massey Capital currently has 14 investments in custom manufacturing, distribution and business services companies.
About SMS Machine Tools Limited
Established in 1943, SMS Machine Tools specializes in the distribution of cutting-edge machine tools with customized applications to the automotive, aviation, flow control, medical and telecommunication sectors. SMS Machine Tools provides a one-stop-shop to its customers and offers installation, repair and maintenance service support, equipment training seminars, application checkups, financing and a large inventory of replacement parts.
