Deal Details
Sale to Greenbriar Equity Group LLC
Summary
Baird served as the exclusive financial advisor to Nordco
About
Nordco Inc. (“Nordco” or the “Company”), a portfolio company of OMERS Private Equity (“OPE”), was recently acquired by Greenbriar Equity Group LLC (“Greenbriar”). Terms of the transaction were not disclosed.Nordco is a leading provider of equipment and services for rail maintenance-of-way and railcar mover applications. The Company’s specialized equipment and services ensure the safety, efficiency and function of rail infrastructure across North America. Nordco services Class I and shortline railroads, as well as industrial shipping companies utilizing rail transportation. The Company is headquartered in Oak Creek, Wisconsin with additional facilities in Missouri, Illinois and Connecticut.
With over $6 billion of investments under management, OPE manages the private equity activities of OMERS. OMERS is one of Canada's largest pension funds with over $60 billion in net assets. OPE's investment strategy includes the active ownership of businesses in North America and Europe. OPE is headquartered in Toronto, Canada, with offices in London and New York.
Greenbriar Equity Group LLC, a private equity firm with over $2.0 billion of committed capital, focuses exclusively on the global transportation industry, including companies in the aerospace and defense, logistics and distribution, freight and passenger transport, automotive and related sectors. Greenbriar invests with proven management teams who are interested in being significant equity owners in their companies as well as with corporate partners who are interested in raising capital. Greenbriar is headquartered in Rye, New York.
For additional information about this transaction, please contact:
- Date
- August 2013
- Company
- Nordco Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
- Acquiror Geography
- North America
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