SMG Industries, Inc. (OTCQB: SMGI) was formed under the laws of the State of Delaware on January 7, 2008. The Company went public via an IPO in 2008 and used the proceeds under its initial business plan to stockpile indium – a specialty metal used in cell phones. The plan worked, and by 2015 the Company sold its stockpile and distributed almost all of the proceeds to its stockholders in the form of special dividends, share repurchases, and buybacks.
A New Services Platform
In 2017, a new platform of growth was established focusing on the domestic industrial services market. In September 2017, a new management team was hired and the first of several industrial construction-related services businesses were acquired.
Today the Company’s publicly stated buy and build acquisition strategy orients around two divisions of Transportation Services and Industrial Services.
The Company’s headquarters are located in Houston, Texas with facilities in Palestine, Floresville, Odessa, Carthage, and Waskom Texas. The Company’s common shares trade on the OTCQB® Market under the trading symbol SMGI.
SMG INDUSTRIES MILESTONE TIMELINE:
February 27, 2020 – Transportation Services division formalized via the acquisition of 5J Trucking company focused on heavy haul and over-dimensional loads including compressors, heat exchangers, slug catchers, refinery components and wind energy logistics services.
June 27, 2019 – Industrial Services division acquires Trinity Services offering construction services including well pad building and pit closures, lease roads and dirt services.
February 15, 2018 – SMGI acquires RigHands™ product line that fits MG Cleaners’ distribution system.
October 24, 2017 – SMGI shares up-list to OTC Markets QB exchange (OTCQB: SMGI) as a fully reporting operating a public company.
September 17, 2017 – New management team installed focused on the industrial services market, with a business plan of acquiring and growing middle-market service companies in the Southwest United States.