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SMT Enters US Market for Construction Equipment with Acquisition of Texas-Based ROMCO Equipment Co.
DALLAS, TX — SMT, a distributor and after-sales partner for the equipment and transport industry, is expanding their network into the United States with the acquisition of ROMCO Equipment Co. and its operations throughout Texas. The closing of the sale represents the transfer of ownership at ROMCO's 12 offices in Austin, Carmine, Fort Worth, Longview, San Antonio, Buffalo, Corpus Christi, Dallas, Houston, Midland, Rio Grande Valley, and Stephenville.
ROMCO is a family-owned company operating under the Mullins family since 1961 and is the exclusive Volvo Construction Equipment Distributor in most of Texas. Like ROMCO, SMT is also a family-owned business representing over 75 years of experience in the construction equipment industry and currently operates in 30 countries in Europe, Africa, and now the U.S. The company provides advanced solutions to the industry.
"We are thrilled to expand our network into the U.S. by acquiring ROMCO's successful operations in Texas," said Jerome Barioz, CEO of SMT group. "We believe ROMCO will benefit from SMT's know-how and global investments in systems and solutions in order to be No. 1 in uptime, productivity, and overall customer satisfaction in this expanding market."
Likewise, SMT looks forward to benefitting from ROMCO's 60-plus years of experience in the Texas market and plans to invest further in rental activities, technical upgrades, and employee development programs.
"The end has come for involvement of the Mullins family in ROMCO, but it's a bright new beginning under SMT's ownership," said Robert Mullins, Owner and CEO of ROMCO, Inc. "SMT will provide the leadership and resources needed to meet the industry's future. I will truly miss all the great employees and customers I have had the privilege to be associated with these 50-plus years."
Texas Contractor TrendsROMCO is a family-owned company operating under the Mullins family since 1961 and is the exclusive Volvo Construction Equipment Distributor in most of Texas. Like ROMCO, SMT is also a family-owned business representing over 75 years of experience in the construction equipment industry and currently operates in 30 countries in Europe, Africa, and now the U.S. The company provides advanced solutions to the industry.
"We are thrilled to expand our network into the U.S. by acquiring ROMCO's successful operations in Texas," said Jerome Barioz, CEO of SMT group. "We believe ROMCO will benefit from SMT's know-how and global investments in systems and solutions in order to be No. 1 in uptime, productivity, and overall customer satisfaction in this expanding market."
Likewise, SMT looks forward to benefitting from ROMCO's 60-plus years of experience in the Texas market and plans to invest further in rental activities, technical upgrades, and employee development programs.
"The end has come for involvement of the Mullins family in ROMCO, but it's a bright new beginning under SMT's ownership," said Robert Mullins, Owner and CEO of ROMCO, Inc. "SMT will provide the leadership and resources needed to meet the industry's future. I will truly miss all the great employees and customers I have had the privilege to be associated with these 50-plus years."
