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. By 2015 the Company sold its stockpile and distributed substantially all 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.
During 2020, the Company made a substantial investment in Transportation Services, creating a new operating division.
Today, the Company’s buy and build acquisition strategy orients around that division – Transportation Services.
The Company’s headquarters are located in Houston, Texas and it maintains operatnig facilities in Palestine, Tomball, Henderson, Floresville, Odessa, and Victoria Texas. The Company’s common shares trade on the OTCQB® Market under the trading symbol SMGI.
Over the Years
December 18, 2020
New Chief Executive Named
Jeff Martini joined SMG as Chief Executive Officer, bringing with him a career's worth of experience with on-highway equipment, trucking, and in a variety of other industries.
February 27, 2020
Acquired 5J Oilfield Services and 5J Trucking
5J Oilfield Services and 5J Trucking acquisition – Midstream and Logistics focused company specializing in rig mobilization, compressor and industry heavy hauling and hot shot services.
June 27, 2019
Trinity Services Acquisition
Trinity Services acquisition - Drilling and production segments focused on well pad building and well site services.
December 7, 2018
Acquired Momentum Water Transfer
Momentum Water Transfer acquisition – Completions segment focused. Frac water transfer business hired by E&P operators to send high volume water supply using above-ground temporary infrastructure to frac sites.
October 1, 2018
SMG acquires large inventory of 850 down hole oil tool used in bottom hole assemble (BHAs) rented to directional drillers and operators.
June 4, 2018
Opened South Texas facility
Opens South Texas facility to scale the Company’s services in Eagle Ford Shale area.
February 15, 2018
Acquired RigHands™ product line
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 public company.
Sept 19, 2017
Acquired MG Cleaners LLC
Acquired MG Cleaners LLC. Drilling segment focused. Products and services to drilling rig operators and E&P companies.
September 17, 2017
New Management Team