Wolter Group acquires Illinois material handling company

Brookfield-based Wolter Group LLC has acquired Bolingbrook, Ill.-based material handling distributor Servicemax Inc.Material handling-shutterstock_339781610-2015-11-18

Wolter Group plans to combine Servicemax with its existing member company, Elk Grove Village, Ill.-based Illinois Material Handling.

Servicemax has 30 employees, including former owner Steve Sponza, who will continue to operate out of the Bolingbrook facility, which will be rebranded to IMH. IMH now has 66 employees at four facilities in Illinois.

The Wolter Group is made up of four companies: Illinois Material Handling, Wisconsin Lift Truck Corp., Wolter Power Systems and Fleet Services. Its companies offer parts, rentals, service, training and new and used sales of lift trucks, aerials, industrial engines and generators, automated material handling solutions, as well as fleet management services. It has 350 employees in Wisconsin, Illinois and upper Michigan. Its support staff is located in Brookfield.

Wolter Group in October acquired Machesney Park, Ill.-based Fleet Lift Truck Service and folded that company and its 11 employees into IMH as well. Fleet Lift Truck’s facility will likely be closed next year and its staff integrated into IMH’s Rockford facility.

“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,” said Otto J. Wolter, CEO of Wolter Group LLC.

“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,” said Jerry Weidmann, president of Wolter Group LLC.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

Molly Dill, former BizTimes Milwaukee managing editor.

No posts to display