Wisconsin-based Wolter Group LLC said it recently acquired Bolingbrook material handling distributor Servicemax Inc.
Servicemax which provided sales, service parts and rentals to the Chicago area and northwest Indiana, will join forces with Illinois Material Handling, which is part of Wolter Group. .
“By acquiring Servicemax Inc., we’re blending two very experienced companies, each with over 50 years of material handling experience to provide customers the best material handling solutions in the industry," Wolter Group CEO Otto Wolter said .
Servicemax and its team, including owner Steve Sponza, will continue operations in Bolingbrook under the lllinois Material Handling name.
“As our seventh acquisition in the last five years, Servicemax Inc. doubles our technician coverage in the metro Chicago market, proving faster response times, and enhanced product offerings for our Illinois customers,” Wolter Group President Jerry Weidmann said.
As a result of the acquisition, Illinois Material Handling will carry the Jungheinrich and Mitsubishi forklift brands.