Wabtec Corporation Acquires Nordco from Greenbriar Equity Group
March 23, 2021
Wabtec Corporation has signed a definitive agreement to acquire Nordco, a North American supplier of maintenance-of-way equipment, from Greenbriar Equity Group for $400 million in cash. The acquisition expands Wabtec’s maintenance-of-way and railcar mover offerings, adds Nordco’s aftermarket and inspection technology capabilities, and is expected to be immediately accretive to EBITDA and cash flow while delivering cost synergies.
- Buyers
- Wabtec Corporation
- Targets
- Nordco
- Sellers
- Greenbriar Equity Group LP
- Industry
- Transportation
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
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