Smith Machinery Company

What Smith Machinery Company does

Smith Machinery Company, Inc. (SMC) is a privately held, family-owned industrial and commercial machinery dealer founded in 2009 and headquartered at 1287 W Ave., Ames, Iowa. The company operates as an online source for new, used, and refurbished machinery and equipment across more than 200 equipment categories — including machining centers, CNC lathes and routers, mills, grinders, fiber lasers, presses, saws, and material handling equipment — sourced from manufacturers such as BODOR, SUMMIT, WELLSAW, National, Star Lab CNC, Hemsaw, Ercolina, Edwards, GEKA, Scotchman, Baileigh, Republic Lagun, and others. SMC is a member of the Machinery Dealers National Association (MDNA).

The underlying technology stack is a cloud-based inventory management platform provided by Machine Hub, which powers the company's searchable online database of equipment listings, photographs, and machine specifications; this database is updated daily. Customer-facing technology is limited to a quote-request form on the company website; there is no mobile app, no public API, and no documented AI or data-science functionality.

SMC's business model is direct-to-consumer machinery resale at quote-based pricing, supplemented by three service lines: Precision Rigging (equipment shipping and rigging), Precision Finishing (specialized coating solutions), and SMC Auctions (buying, selling, and appraisal of industrial and commercial machinery). The go-to-market motion is field sales executed by named regional representatives covering Eastern Iowa, Western Iowa, and Southeast Iowa, plus a National Sales channel. Equipment financing is offered through a pass-through partnership with TCB Bank, including guidance on Section 179 tax deductions. The company serves manufacturing, fabrication, and industrial operations as its primary customer segment, with no disclosed named customers, customer logos, or revenue figures.

Name

Smith Machinery Company

Legal name

Smith Machinery Company, Inc.

Website

https://smithmachinery.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Smith Machinery Company is a privately held, family-owned industrial and commercial machinery dealer based in Ames, Iowa, selling new, used, and refurbished equipment online and bundling rigging, finishing, auctions, and financing services for manufacturing and fabrication buyers.

Ownership category

akta.pro rank

Headquarters

HQ city

Ames

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Machinery Sales: One-time sales of new, used, and refurbished industrial and commercial machinery and equipment
2. Equipment Auctions: SMC Auctions service for buying, selling and appraisal of industrial and commercial machinery
3. Support Services: Precision Rigging (shipping/rigging equipment) and Precision Finishing (coating solutions) services

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Smith Machinery Company is a dealer of new, used, and refurbished industrial machinery and equipment, supplying machining centers, CNC machines, lathes, mills, presses, saws, fiber lasers, and material handling equipment from manufacturers such as BODOR, SUMMIT, WELLSAW, National, and Star Lab CNC. The company complements machinery sales with three in-house services: Precision Rigging (equipment moving and installation), Precision Finishing (specialized coating solutions), and SMC Auctions (machinery appraisal, buying, and selling).

Product overview

Smith Machinery Company (SMC) operates as a machinery dealer offering new, used, and refurbished industrial machinery and equipment. The core product offering is their comprehensive inventory database updated daily, featuring equipment across categories including machining centers, CNC lathes, mills, grinders, lasers, presses, saws, and material handling equipment. The company distributes products from numerous manufacturers including BODOR (fiber laser cutting machines and welders), SUMMIT (lathes, mills, boring mills, pumps), WELLSAW (bandsaws), National (welding equipment), and Star Lab CNC (routers). SMC complements its equipment sales with value-added services including Precision Rigging (equipment moving/installation), Precision Finishing (coating solutions), and SMC Auctions (valuation and marketing services). The company also provides financing options through TCB Bank partnership and maintains membership in the Machinery Dealers National Association.

Differentiator

Problem solved

Functional benefit

Brands

• Precision Rigging: Equipment rigging and machinery moving services
• Precision Finishing
• SMC Auctions

Products and services

• New, Used, and Refurbished Industrial Machinery and Equipment Comprehensive inventory of new, used, and refurbished industrial machinery and equipment including machining centers, CNC equipment, metal fabrication tools, material handling equipment, and precision manufacturing systems, sold to manufacturing, fabrication, and industrial operations businesses.
• Precision Rigging Expert machine moving and rigging services to safely transport and install industrial equipment into place, provided for customers purchasing machinery from SMC or other sources.
• Precision Finishing Specialized coating and finishing solutions provided by knowledgeable engineers and sales associates for specialized finishing market needs, complementing machinery sales with surface treatment services.
• SMC Auctions Industrial and commercial machinery buying, selling, and appraisal services leveraging SMC's extensive background in equipment valuation and marketing.
• Equipment Finance Options Equipment financing and leasing options offered through partnership with TCB Bank, including application support and guidance on equipment tax deductions under Section 179.
• BODOR Fiber Laser Cutting Machines Fiber laser cutting machines from BODOR including SK, K, T, i, A, C, P, and R Series models with power ranges from 3KW to 60KW for metal tube and plate cutting applications.
• BODOR Fiber Laser Welders Fiber laser welding equipment including the BODOR 1500 PRO series for industrial welding applications.
• SUMMIT Machinery SUMMIT brand industrial machinery including engine lathes, vertical mills, horizontal boring mills, drills, and self-priming centrifugal pumps.

Segments1 record

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered minor and core.

• Machinery Dealers National Association (MDNA)minorOthersProud member of the Machinery Dealers National Association, an industry trade organization for machinery dealers.
• Machine HubcoreTechnology or IntegrationPowered by Machine Hub inventory management system for online inventory listings, machine photos, and database management
• Precision Rigging CompanycoreStrategic or Co-development PartnerPrecision Rigging Company provides shipping and rigging services for equipment, partnering with SMC to deliver complete equipment moving solutions to customers

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Hilco Industrial: Hilco Industrial is one of the largest North American industrial asset disposition, auction, and appraisal firms. It is a direct peer to Smith Machinery Company via SMC Auctions and to the broader machinery dealer business, competing on appraisal, auction, and remarketing services for industrial equipment.
• Maynards Industries: Maynards is a global industrial auctioneer and used machinery dealer handling plant liquidations and online equipment sales. It directly mirrors Smith Machinery's combination of used equipment sales and auction/appraisal services across the same customer base of industrial buyers and sellers.
• Perfection Global: Perfection Global is a used and refurbished CNC machinery dealer specializing in machining centers, lathes, mills, grinders, and fabrication equipment. It directly overlaps with Smith's core inventory categories and serves the same industrial buyer profile across multiple U.S. regions.
• Kempler Industries: Kempler Industries is a used and surplus industrial machinery dealer with online catalog and quote-based pricing, similar to Smith Machinery's DTC motion. It competes head-to-head for SMB and job-shop customers searching for used metalworking and fabrication equipment.
• EquipNet: EquipNet operates an online marketplace connecting buyers and sellers of used industrial equipment across categories that overlap heavily with Smith's inventory. It is a direct competitor on the digital/online channel and operates the same Machine Hub-powered platform ecosystem in some listings.
• Surplus Record: Surplus Record is a long-running online marketplace for used industrial machinery and equipment, indexing listings from hundreds of dealers including dealers like Smith. It competes for organic search demand on used machinery queries and is a comparable channel for Smith's buyer traffic.
• Federal Equipment Company: Federal Equipment is a used and refurbished process equipment dealer serving pharmaceutical, chemical, and manufacturing buyers. While tilted more toward process equipment, its model of cataloged used equipment with quote-based sales is structurally similar to Smith's.
• Machinery Network: Machinery Network is a used CNC and metalworking machinery dealer with online listings and quote-based pricing. It overlaps with Smith's core product categories (machining centers, lathes, mills) and competes for the same SMB and contract-manufacturer buyer base.
• Prestige Equipment Corp. Prestige Equipment is a used machinery dealer specializing in CNC machining centers, fabrication, and press equipment, with inventory in categories directly overlapping Smith's. Its quote-based online sales motion mirrors Smith's customer experience.
• Industrial Assets / BPI Group: Industrial Assets is an industrial auction and appraisal firm running online equipment auctions for plant closures and surplus machinery — directly comparable to SMC Auctions. Its online auction platform competes with Smith for industrial disposition mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/SmithMachineryCompany
• LinkedInlinkedin.com/company/smith-machinery-svc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Smith Machinery Company