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Illinois Material Handling acquires Servicemax Inc.

Wednesday, November 18, 2015

Wolter Group LLC, announced the acquisition of Servicemax Inc. of Bolingbrook, IL. Servicemax Inc. will join forces with Illinois Material Handling, a member of the material handling sector of Wolter Group LLC. Founded in 1959, Servicemax Inc. is one of Chicagoland’s largest and most experienced material handling distributors providing Sales, Service, Parts, and Rentals to Chicago Metro and Northwest Indiana. “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.

Servicemax Inc. and its staff of thirty, including owner Steve Sponza will
continue to operate out of Bolingbrook, IL under the Illinois Material Handling
brand name. As a result of this acquisition, Illinois Material Handling will now
offer the Jungheinrich and Mitsubishi Forklift brands, just as the Wisconsin Lift
Truck division of the company has carried for decades.

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