# IronWorx acquires Magnum Steel Works in Mt. Vernon, Illinois

IronWorx, LLC acquired Magnum Steel Works, a steel fabrication and mining equipment rebuild company in Mt. Vernon, Illinois. The acquisition aims to grow the business and diversify into large steel fabrication.

- Type: Acquisition
- Announced: 2024-08-15
- Where: Mt. Vernon, Illinois, United States
- Status: completed
- Products: steel fabrication, mining equipment rebuild
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [IronWorx](https://endata.com/companies/79222.md) (acquirer)
- [Magnum Steel Works](https://endata.com/companies/79223.md) (target)

## Sources

- [coalage.com](https://www.coalage.com/departments/breaking-news/ironworx-acquires-magnum-steel/), 2024-08-15: "My plan is to grow Magnum Steel Works, maintaining the mining equipment rebuild and overhaul work, while diversifying into other areas that require large steel fabrication work."
- [coalage.com](https://www.coalage.com/departments/suppliers-news/ironworx-acquires-magnum-steel-works/), 2024-09-07: "Magnum Steel Works has built a strong reputation and a culture of excellence."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.