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ROMCO Equipment Co. and SMT acquire Bee Equipment Sales to strengthen leadership in Texas

Dec 20, 2024•12 months ago

Acquiring Company

ROMCO Equipment

Acquired Company

Bee Equipment Sales

DallasBrusselsLubbockManufacturingManufacturingBuilding MaterialBuilding MaintenanceConstruction

Description

ROMCO Equipment Co. and its parent company SMT announced the acquisition of Bee Equipment Sales, a move aimed at strengthening their leadership in the Texas construction and paving equipment industry. This strategic acquisition enables ROMCO and SMT to deliver an expanded range of high-quality equipment and services, better serving their growing customer base and offering unmatched solutions in the Texas market.

Company Information

Company

ROMCO Equipment

Location

Dallas, Texas, United States

About

ROMCO Equipment Co. has been at the forefront of the Texas and New Mexico equipment markets since 1961. With 16 locations dedicated to providing high-quality equipment and exceptional product support, ROMCO is committed to delivering outstanding service to its customers.

Company

SMT

Location

Brussels, Brussels, Belgium

About

SMT, headquartered in Brussels, Belgium, is a leading distributor and after-sales partner in the equipment and transport industry. Since its establishment in 2010, SMT has expanded its dealership network across Africa, now operating in over 18 countries with a comprehensive range of Volvo Equipment. The company's European presence was bolstered by the acquisition of Kuiken Group in 2015 and the Volvo CE dealership in Great Britain in 2017. SMT entered the U.S. market in 2022 with the acquisition of ROMCO Equipment Co., followed by Sierra Machinery in 2023. Renowned for its high standards and innovative solutions, SMT now operates in 31 countries and employs over 2,200 people.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed