Milton Industries announced its acquisition of ProMAXX Tool. ProMAXX has been serving the U.S. and international markets for over 13 years, providing customers with fuel injector pullers, oil seal extractors, exhaust manifold repair kits, and other specialty hand tools for Dodge, Ford, General Motors, Isuzu, Mack, Subaru, Volvo, and other major automotive, light truck, and heavy duty truck brands.
“This expands Milton’s reach into ProMAXX’s truck and automotive specialty hand tool product offerings and market channels,” says Greg Carlson, CEO of Milton Industries. “We plan to use our collective design, manufacturing, and marketing expertise to broaden both brands’ industry footprints. Our combined people, knowledge, and distribution will serve to fuel our continued growth.”
“ProMAXX has experienced a 35 percent growth trajectory since the company launched 13 years ago,” says Jeff Del Rossa, founder and president of ProMAXX Tool. “We have strong relationships with Ford, GM, and Dodge dealerships and independent shops, enabling the design of outstanding value-added tool solutions. Also, with Milton’s deep roots in the auto aftermarkets, agricultural, government, and solid e-commerce presence, we are on track to break our own records.”
Moving forward Carlson will maintain his position as CEO of Milton Industries, while Del Rossa will lead the Specialty Tool Group at Milton and continue to oversee the design and development of ProMAXX products.
“Our top-quality products complement each other completely with no overlap,” Del Rossa says. “And I was attracted to the synergy of our people-centered cultures. Both companies are built on strong principals of unfailing commitment to our customers and our employees.”
Milton’s core management team partnered with its financial sponsor, LLCP (Levine Leichtman Capital Partners) on this acquisition.
