Stellar Industries announces the acquisition of Elliott Machine Works, Inc., a well-respected, family-owned manufacturing company based in Galion, OH. This strategic investment is aimed at enhancing Stellar鈥檚 growth, expanding its product offerings and providing greater opportunities for Stellar distributors, customers and employee-owners.
Elliott Machine Works is recognized for its production of mobile fuel and lube service equipment since 1948 and is known for its innovative and high-quality products. Their portfolio includes fuel trucks, lube trucks, water trucks, lube skids, vacuum tanks and other mobile service equipment. 鈥淭his acquisition marks a significant milestone for Stellar and we鈥檙e so grateful for this incredible opportunity,鈥� said Dave Zrostlik, President of Stellar. 鈥淲e are excited to have Elliott鈥檚 products as a part of the Stellar product offering. Elliott鈥檚 great people and great products are a natural fit for Stellar.鈥�
Zrostlik emphasized the importance of the acquisition and its impact on Stellar鈥檚 offerings. 鈥淏y incorporating fuel trucks and lube trucks into our existing line of service trucks, we can now serve a broader mission, reach more customers and meet their needs even better by filling gaps in our offerings. We anticipate that our customers will start to throw more opportunities our way, and we鈥檙e ready to deliver. In addition, this acquisition strengthens our commitment to rural communities, ensuring we are making the biggest impact to the places our employees call home.鈥�
The acquisition will not only enhance Stellar鈥檚 work truck product offerings but also benefit its vendors, distributors and customers by adding complementary products that serve many of the same markets, including mining, construction and oil and gas. The Elliott manufacturing facility and main office will remain in Galion, Ohio, where it will continue to manufacture the full lineup of specialized service trucks. 鈥淏y maintaining operations in Ohio and integrating Elliott鈥檚 talented workforce, we are not only preserving jobs but also enhancing economic stability in the region,鈥� noted Zrostlik. 鈥淭his commitment reflects our dedication to supporting local economies and the communities we serve.鈥�
Brent and Brad Ekin, owners of Elliott Machine Works, shared, 鈥淲e are thrilled to keep our legacy moving forward with Stellar, a highly esteemed company that shares our values. This partnership is a great cultural fit for our employees, and we鈥檙e excited for the new heights we can reach together. Stellar鈥檚 strong distribution network will allow our exceptional products to reach more customers, and we are especially happy that Stellar鈥檚 employee-owned structure means our employees will continue to thrive under new ownership.鈥�
As an employee-owned company, Stellar is committed to fostering a workplace where every employee-owner has a stake in the company鈥檚 success. The Employee Stock Ownership Plan (ESOP) structure allows employees to become beneficial owners of the company, aligning their interests with the overall performance and growth of Stellar. This alignment not only promotes a culture of collaboration and shared success but also motivates employees to contribute actively to the company鈥檚 innovation and quality initiatives. Through the ESOP, Stellar empowers its workforce, ensuring that employees are directly rewarded for their contributions, fostering a sense of belonging and investment in the company鈥檚 future.
In addition, joining the Stellar team opens the door to exciting new opportunities for career development and growth for Elliott employees. With access to a broader network, expanded roles and additional resources and training, employees will benefit from Stellar鈥檚 commitment to professional advancement. The integration brings exposure to diverse projects and new markets, creating a wealth of opportunities for career advancement and personal development within the organization.
Stellar is dedicated to ensuring a seamless integration during the acquisition of Elliott Machine Works. Zrostlik commented, 鈥淧reserving the strengths of both Stellar and Elliott remains a top priority. We are committed to maintaining a positive work environment where collaboration and innovation thrive. Leadership from both organizations will work closely together to ensure a smooth transition, fostering open communication and supporting all employees throughout this process. We aim to create an even stronger organization that benefits everyone involved.鈥�