Oak Creek-based Nordco Inc. has been acquired by Greenbriar Equity Group LLC, a New York-based private equity firm that targets the global transportation industry.
Nordco is a distributor of products and services that are used by rail industries to build, improve, maintain and inspect their track infrastructure. It is the largest maintenance-of-way equipment provider in North America.
Bruce Boczkiewicz, president and CEO of Nordco, said all employees will remain with the company. The deal will allow the company to continue its growth trajectory, both organically and through acquisitions.
“This transaction marks an important milestone in our company’s development,” said Bruce Boczkiewicz, president and chief executive officer of Nordco. 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.”
Nordco is now a majority-owned Greenbriar portfolio company. It was founded in 1926 and also has locations in Ridgefield, Conn., Grandview, Mo., Lee’s Summit, Mo. and Arcola, Ill.
“Nordco has established itself as a leading service provider in the railroad industry, providing critical support to its blue chip customer base,” said 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.”
