SMT Acquires ROMCO

SMT Enters US Market for Construction Equipment with Acquisition Of Texas-Based ROMCO Equipment Co.

Dallas, TX: SMT, a premier distributor and after-sales partner for the equipment
and transport industry based in Brussels, Belgium is expanding their network into the
United States with the acquisition of ROMCO Equipment Co. and its operations
throughout Texas. The closing of the sale was March 9, 2022 and represents the
transfer of ownership at ROMCO’s twelve offices in Austin, Carmine, Fort Worth,
Longview, San Antonio, Buffalo, Corpus Christi, Dallas, Houston, Midland, Rio Grande
Valley, and Stephenville. This family-owned company operating under the Mullins family
since 1961 is the exclusive Volvo Construction Equipment Distributor in most of Texas.
Like ROMCO, SMT is also a family-owned business representing over 75 years
of experience in the Construction Equipment industry and currently operates in thirty

countries in Europe, Africa, and now the US. The company, considered a high-
performing dealer by Volvo, provides advanced solutions to the industry. “We are

thrilled to expand our network into the US by acquiring ROMCO’s successful operations
in Texas” said Jerome Barioz, CEO of SMT group. “We believe ROMCO will benefit
from SMT’s know-how and global investments in systems and solutions in order to be
number one in uptime, productivity, and overall customer satisfaction in this expanding
market” he added.
Likewise, SMT looks forward to benefitting from ROMCO’s sixty plus years of
experience in the Texas market and plans to invest further in rental activities, technical
upgrades, and employee development programs.

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“The end has come for involvement of the Mullins family in ROMCO, but it’s a
bright new beginning under SMT’s ownership.” shared Robert Mullins, Owner and CEO
of ROMCO, Inc. “The construction and mining industries have been in my life ever
since I was a young boy tagging along with my father, ROMCO founder Robert O.
Mullins” he added. Mullins also expressed, “SMT will provide the leadership and
resources needed to meet the industry’s future. I will truly miss all the great employees
and customers I have had the privilege to be associated with these 50 plus years.”
Charlie Clarkson, President of ROMCO added, “We are looking forward to writing
the next chapter with SMT. With their global reach, we will be able to raise the level of
offerings and support to customers.”
“We welcome SMT as a seasoned partner that brings a wealth of global
experience with the Volvo CE brand. I am confident their innovative mindset and
advanced approach to customer service will benefit ROMCO and Volvo customers in
the territory. We appreciate the legacy for customer support by the Mullins family and
wish Robert the best in his future endeavors” said Stephen Roy, President of Volvo
Construction Equipment Region Americas.

About ROMCO: ROMCO, Inc. is a family-owned company based in Dallas,
Texas since 1961 with 290 Employees. It is the parent company of ROMCO Equipment
Co., ROMCO Paving Equipment, ROMCO Power Systems, and Material Processing
Systems. Each division serves the Texas construction and mining markets with quality
products and customer support. ROMCO’s wholly-owned subsidiary, Material Producers
Construction Services provides installation and maintenance services in support of the
products ROMCO sells in the construction materials industry. In addition to Volvo
Construction Equipment, ROMCO also carries the following product lines: GOMACO;
CemenTech; Sandvik; Hitachi; ASV; Atlas Copco; Yanmar; Finn; Kafka; McLanahan;
Superior; Telestack; K-Tec; Terramac; Atlas; Mantsinen; LeeBoy; Bearcat; Phoenix;
Kent FRD, and Genesis. For more information, go to www.romco.com.

About SMT: SMT is one of the largest-standing partners with Volvo Group with
a presence in 30 countries across Europe, Africa and now in the United States. SMT
implements its high standards and creates value for their customers and suppliers
thanks to their more than 1700 employees. For more information, go to
www.smt.network.

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Construction Equipment

ROMCO Equipment Co. serves the earthmoving/ground engaging, materials handling, demolition, scrap and recycling markets.

Paving Equipment

ROMCO Paving Equipment focuses on all paving customers throughout Texas with a full line of asphalt and concrete products.

Power & Compact Equipment

ROMCO Power Systems (RPS) specializes in compressors, power generation, light plants, pumps, mini excavators, compact track loaders, skid steers, engines and engine rebuilds.

Aggregate Equipment

Material Processing Systems (MPS) specializes in crushing, screening, drilling, material handling, washing, dewatering and conveying equipment.