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Contractors Hot Line is part of the Catalyst Communications Network publication family.
Stellar Industries, an employee-owned manufacturer of high-quality service trucks, cranes and related equipment, has acquired Elliott Machine Works, Inc., a family-owned manufacturer based in Galion, Ohio.
This strategic acquisition will broaden Stellar’s product offerings and enhance growth opportunities for distributors, customers and employee-owners.
Elliott Machine Works has been a reputable provider of mobile fuel and lube service equipment since 1948, specializing in fuel trucks, lube trucks, water trucks and other service equipment.
Dave Zrostlik, president of Stellar, emphasized 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,” Zrostlik said.
“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 specialized service trucks.
“This commitment reflects our dedication to supporting local economies and the communities we serve,” Zrostlik said.
“We are thrilled to keep our legacy moving forward with Stellar, a highly esteemed company that shares our values,” Brent and Brad Ekin, owners of Elliott Machine Works, said.
The acquisition is also expected to deliver benefits to Elliott’s customers and vendors by expanding distribution channels through Stellar’s network.
Stellar’s Employee Stock Ownership Plan (ESOP) structure allows its workforce to share in the company’s success, fostering a collaborative culture and motivating employees to innovate and contribute to Stellar’s growth.
The ESOP aligns the interests of employees with the company’s goals, driving a commitment to quality and customer service.
The integration will open new career development pathways for Elliott’s employees, allowing them to access Stellar’s broader network, resources and training.
This will bring expanded roles and exposure to new markets, creating opportunities for advancement and personal growth.
Stellar’s leadership aims to ensure a smooth transition, with leadership teams from both companies working closely together.
Stellar looks forward to welcoming Elliott employees into its organization and delivering an expanded product line to its customers, affirming its role as a leader in the service truck and equipment industry.