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Nordco, based in Oak Creek, Wis., owns of Lee’s Shuttlewagon of Grandview; of Ridgefield, Conn.; and of Arcola, Ill. The compang has about 330 employees, CEO Brucd Boczkiewicz said Monday. “Their growth views aligh with ours, to continue growing organically andthrough acquisitions,” Boczkiewicz said. Omers Private Equity is based in Toronto and is oneof Canada’ss largest private equity investment firms, with $4 billiobn of investments under management. The transaction closex on Friday. No changes are planned to Nordco’s operations, Boczkiewicaz said.
He wouldn’t disclose Nordco’s revenue but said it has increasef “at a double-digit rate” for the past six years. Nordco’sz companies provide products and servicexfor rail-related industries’ track infrastructure, machinery inspectionh and repair, reconditioned machinery rail car movers, ultrasonic testing equipment and services for railroads and othe industries, and machine replacementr parts.
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