About Summit Steel and Manufacturing
Summit Steel and Manufacturing is a company based in Reading (United States) founded in 1992 was acquired by Lorraine Capital in September 2022.. The company has 45 employees as of December 31, 2024. Summit Steel and Manufacturing has completed 1 acquisition, including Laser Specialties.
- Headquarter Reading, United States
- Employees 45 as on 31 Dec, 2024
-
Sectors
Industrial Goods & Manufacturing
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
45
as on Dec 31, 2024
- Investments & Acquisitions
-
Acquired by
Lorraine Capital
(Sep 29, 2022)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Summit Steel and Manufacturing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Summit Steel and Manufacturing
Summit Steel and Manufacturing has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Lorraine Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Lorraine Capital is engaged in investment management and acquisitions.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Summit Steel and Manufacturing
Summit Steel and Manufacturing has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Laser Specialties. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Custom and contract metal fabrication services are provided to clients.
|
1993 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Summit Steel and Manufacturing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Summit Steel And Manufacturing Comparisons
Competitors of Summit Steel and Manufacturing
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Summit Steel And Manufacturing
Frequently Asked Questions about Summit Steel and Manufacturing
When was Summit Steel and Manufacturing founded?
Summit Steel and Manufacturing was founded in 1992.
Where is Summit Steel and Manufacturing located?
Summit Steel and Manufacturing is headquartered in Reading, United States. It is registered at Reading, Pennsylvania, United States.
Who is the current CEO of Summit Steel and Manufacturing?
Ray Auchter is the current CEO of Summit Steel and Manufacturing.
How many employees does Summit Steel and Manufacturing have?
As of Dec 31, 2024, the latest employee count at Summit Steel and Manufacturing is 45.
What does Summit Steel and Manufacturing do?
Summit Steel and Manufacturing was founded in 1992 and is based in Reading, United States. Industrial welding and fabrication services are offered, focusing on custom solutions for manufacturing needs. Operations include metal fabrication, welding processes, and assembly for various sectors. The company serves clients primarily in the United States, with emphasis on practical industrial applications. Expertise is applied to projects requiring durable steel structures and components.
How many acquisitions has Summit Steel and Manufacturing made?
Summit Steel and Manufacturing has made 1 acquisition, including Laser Specialties.
Who are Summit Steel and Manufacturing's investors?
Summit Steel and Manufacturing has 1 investor. Key investors include Lorraine Capital.