Page, T. B. Flanders, Richard Pattee, and S. S. Chase, after the Holyoke Water Power Company's machine shop had been sold off.

[1] Stephen Holman, the company's treasurer, president, and largest shareholder during different times in its first decade, is credited as its founder, though the nature of his early involvement is not well documented.

[5][6] With a maximum efficiency of 87%, a considerable improvement over previous designs of the era, the turbine would become ubiquitous in mills in the United States, as well as Europe.

[8] In addition to turbines and papermaking machinery, the company was also known to have produced a wide variety of cast parts and custom orders.

[11] Citing the shrinking of an American industrial base, changes in technology and its specialization in those industries, Irwin's son, owner James Sagalyn, dissolved the company in August 2017, leaving one competitor working on the same technology, Badger Roll and Machine of Green Bay, Wisconsin to handle remaining customers, many in the Greater Springfield area.