News Release Tile

OMERS Private Equity ("OPE"), the private equity arm of OMERS, has sold Nordco, Inc. (together with its affiliates, "Nordco" or the "Company") to New York-based private equity firm Greenbriar Equity Group LLC ("Greenbriar").

Nordco is the leading provider of highly-engineered equipment, parts and services that ensure the safety, efficiency and function of rail transportation in North America and internationally. Since OPE acquired Nordco in May 2009, Nordco's revenue has grown over 44%, and the Company has continued to strengthen its market position through a number of strategic initiatives, including improving operational efficiencies and new product development.

Michael Graham, Senior Managing Director and Country Head US, for OPE said, "We are extremely proud of our affiliation with Bruce Boczkiewicz, CEO of Nordco, and his talented management team as we have worked together to drive significant growth through the past several years. OPE's investment in Nordco is a great example of our approach to working with world class management teams to build industry leading platforms. Our exceptional returns on our two most recent exits, Nordco and USIC are further validation of the success of our direct investment program. We wish Bruce and his team continued success."

Bruce Boczkiewicz, CEO of Nordco, commented, "This transaction marks an exciting new chapter for the Company. We appreciate the support and partnership OMERS Private Equity offered throughout the life of their investment. We look forward to continuing to grow Nordco with our new partner, Greenbriar."

Robert W. Baird & Co. served as financial advisor, and Weil Gotshal & Manges LLP acted as legal counsel.