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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