November 1, 2022
FAIRFIELD, IA - 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 agriculture, refrigeration, government, and industrial products sectors.
"I'm excited for our Steffensmeier Welding & Manufacturing employees as well as our customers and partners. This opportunity to join Weaton Companies brings immediate expansion of resources and capabilities to our operation”, states Jenny Steffensmeier, Owner of SWM. She went on to say, “We share a history of manufacturing success and a passion for supporting Iowa-based businesses. It will be a true honor to work alongside the Weaton team to drive value for SWM’s future.”
“I'm excited for our Steffensmeier Welding & Manufacturing employees as well as our customers and partners. – Jenny Steffensmeier, SWM
“We are excited to work with Jenny and the amazing Steffensmeier team to grow their brand, engage with their employees, optimize their operation, and become a part of their community”, said Nate Weaton, Founder and CEO of Weaton Companies. “This is a positive next step for our company as we execute our strategy to provide unique succession opportunities to Iowa manufacturing companies and their ownership. We are excited to have the SWM team join our family”.
Terms of the transaction were not disclosed.