Nordco, a provider of rail-related products and services, has been acquired by Greenbriar Equity Group, a New York-based private equity firm focused exclusively on the global transportation industry.
Terms of the transaction have not been disclosed.
Nordco will immediately become a majority-owned Greenbriar portfolio company.
The Nordco family of companies provides an extensive selection of products and services that enable rail-related industries to build, improve, maintain and inspect their track infrastructure and reposition rolling stock. Nordco, headquartered in Oak Creek, Wisconsin, is North America’s largest supplier of new, rebuilt, and used maintenance-of-way equipment with a broad product and service portfolio including ultrasonic rail flaw detection and mobile railcar movers.
“Nordco has established itself as a leading service provider in the railroad industry, providing critical support to its blue chip customer base,” says Michael Weiss, director at Greenbriar. “We are excited to be partnering with CEO Bruce Boczkiewicz and his executive team and look forward to further accelerating the company’s growth trajectory organically and through add-on acquisitions.”
Bruce Boczkiewicz, chief executive of Nordco, says: “This transaction marks an important milestone in our company’s development. We are eager to work with our new partner Greenbriar, a firm that has a long history of working collaboratively with management teams to add value to its portfolio companies through their industry knowledge and network of relationships.”
