Stellar Industries, which produces services trucks and related equipment, has acquired Elliott Machine Works, a manufacturing company in Galion, Ohio.
The acquisition will help Stellar grow and expand its product lines, according to the company.
Elliott Machine Works produces mobile fuel and lube service equipment, including fuel trucks, lube trucks, water trucks, lube skids, vacuum tanks and other mobile service equipment, serving several markets, such as mining, construction, and oil and gas. Elliott Machine Works' Ohio factory and office will remain open and will continue to operate.
Elliott employees will be able to seek positions throughout the larger company, which is structured in an Employee Stock Ownership Plan (ESOP).
“This acquisition marks a significant milestone for Stellar and we’re so grateful for this incredible opportunity,” said Dave Zrostlik, president of Stellar. “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.”
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.”
Stellar was founded in 1990 in Garner, Iowa.
