FalconPoint Partners, a private equity firm focused on investing in North American middle market companies in the business services and industrials sectors, announced its acquisition of SMS, an industrial services business. FalconPoint has committed $500 million to support the platform’s unmatched growth, market share gains and buildout of new and existing customer sites with state-of-the-art equipment.
Founded in 2008, SMS is a provider of outsourced services, including site environmental services and scrap and slag management, to steel mills within the United States, Europe and South America; SMS also provides marine vessel decommissioning services to the United States Maritime Administration along with other commercial maritime companies. The business is led by a highly experienced management team, including chief executive officer Jeremy Kirchin, who joined SMS in 2016.
The investment underscores FalconPoint’s commitment to investing in businesses that provide mission-critical products and services across essential sectors in the United States and globally. FalconPoint will provide capital and expertise to build on SMS’ established strengths, including a high-touch service model and industry-leading safety record, while enabling the business to invest meaningfully in growth drivers – including expanded commercial capabilities, modernized technology infrastructure and an actionable pipeline of acquisition targets.
The acquisition is a carve-out of various operating segments of Scrap Metal Services LLC, extending FalconPoint’s track record of creating value through successfully identifying and executing on complex carve-outs and investment opportunities.
Published December 2025