(November 2, 2022) – Weaton Companies announced today that it has acquired a strategic interest in Steffensmeier Welding and Manufacturing, a privately held woman-owned small business based in Pilot Grove, IA.
SWM specializes in custom welding, CNC machining, laser cutting, and metal fabrication for end users in the Agriculture, Refrigeration, Government, and Industrial Products industries.
“I am excited for the Steffensmeier Welding & Manufacturing employees and all our partners as this opportunity to join Weaton Companies brings immediate expansion of resources and capabilities to our operation”, states Jenny Steffensmeier, Owner of SWM. “We share a passion for manufacturing success in Iowa, so to work alongside the Weaton Team to drive value for SWM’s future is a true honor.”
Weaton Companies is a diversified Iowa manufacturer that delivers flexible, creative, and innovative solutions to the end markets they serve through their family of independent manufacturing brands.
“We are excited to work alongside Jenny and the amazing Steffensmeier Team to grow their brand, engage with their employees, optimize their operation and be a part of their community”, said Nate Weaton, Founder and CEO of Weaton Companies. “This is a positive next step for our team as we execute on our strategy to provide unique succession opportunities to Iowa manufacturing companies and their ownership, and we are excited for SWM to join our family”.
Terms of the transaction were not disclosed.