Stellar acquires Elliott Machine Works | Global Mining Review

Save to read list Published by Jane Bentham, Editorial Assistant Global Mining Review, Monday, 04 November 2024 12:00

Stellar Industries, a 100% employee-owned and -operated manufacturer of high-quality mechanic and service trucks, cranes, tyre service trucks, hooklifts, trailers and service truck and van accessories, has announced the acquisition of Elliott Machine Works, Inc., a family-owned manufacturing company based in Galion, Ohio.

This strategic investment is aimed at enhancing Stellar’s growth, expanding its product offerings and providing greater opportunities for Stellar distributors, customers, and employee-owners.

Elliott Machine Works is recognised for its production of mobile fuel and lube service equipment since 1948 and is known for its innovative and high-quality products. Their portfolio includes fuel trucks, lube trucks, water trucks, lube skids, vacuum tanks, and other mobile service equipment.

“This acquisition marks a significant milestone for Stellar and we’re so grateful for this incredible opportunity,” said Dave Zrostlik, President of Stellar. “We are excited to have Elliott’s products as a part of the Stellar product offering. Elliott’s great people and great products are a natural fit for Stellar.”

Zrostlik emphasised the importance of the acquisition and its impact on Stellar’s offerings. “By incorporating fuel trucks and lube trucks into our existing line of service trucks, we can now serve a broader mission, reach more customers and meet their needs even better by filling gaps in our offerings. We anticipate that our customers will start to throw more opportunities our way, and we’re ready to deliver. In addition, this acquisition strengthens our commitment to rural communities, ensuring we are making the biggest impact to the places our employees call home.”

The acquisition will not only enhance Stellar’s work truck product offerings but also benefit its vendors, distributors, and customers by adding complementary products that serve many of the same markets, including mining, construction, and oil and gas. The Elliott manufacturing facility and main office will remain in Galion, Ohio, where it will continue to manufacture the full lineup of specialised service trucks.

“By maintaining operations in Ohio and integrating Elliott’s talented workforce, we are not only preserving jobs, but also enhancing economic stability in the region,” noted Zrostlik. “This commitment reflects our dedication to supporting local economies and the communities we serve.”

Brent and Brad Ekin, owners of Elliott Machine Works, shared, “We are thrilled to keep our legacy moving forward with Stellar, a highly esteemed company that shares our values. This partnership is a great cultural fit for our employees, and we’re excited for the new heights we can reach together. Stellar’s strong distribution network will allow our exceptional products to reach more customers, and we are especially happy that Stellar’s employee-owned structure means our employees will continue to thrive under new ownership.”

Read the article online at: https://www.globalminingreview.com/mining/04112024/stellar-acquires-elliott-machine-works/

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