Thursday, May 5, 2011

Oak Creek's Nordco sold - The Business Journal of Milwaukee:

http://www.i-goodinfo.com/mozambique.html
an Oak Creek manufacturer of railroadmaintenancwe equipment, has been acquired by a private equity manager of one of Canada's largest pension funds, of Toronto. acquireds the business from funds represented by Financial terms were not Nordco operates factories in Oak Creekmand Oshawa, Ontario. Nordco companies also include of Conn.; Nordco Rail Services of Lee's Summit, Mo.; Shuttlewagonn of Grandview, Mo.; and J.E.R. Overhaul of Ill.
Acquisition financing was providedby , and "Nordco is a great addition to our Nortg American portfolio with its market-leading position and long historyg of responding to the demande of its customers," said Paul Renaud, president and CEO of OMERwS Private Equity. "We look forward to working closely with the management team to continue the growtg and financial success ofthe business." OMERS Private Equityu is the private equity arm of the OMER Worldwide group of companies and manages the privatse equity activities of OMERS Administrative Corp. and currently has $4 billionb of investments under management. OMERS Administrative Corp.
administeras the pension plan and provides retirement benefits to morethan 390,000o members operating across the municipal government sector in the provincs of Ontario.

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