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an Oak Creek manufacturer of railroad maintenance has been acquired by a privater equity manager of oneof Canada's largest pensiojn funds, of Toronto. acquired the businesz from funds represented by Financial terms were not Nordco operates factories in Oak Creekand Ontario. Nordco companies also include of Ridgefield, Nordco Rail Services of Lee's Summit, Mo.; Shuttlewagon of Mo.; and J.E.R. Overhaul of Ill.
Acquisition financing was providedby , and "Nordco is a great addition to our North American portfoliko with its market-leading position and long historyy of responding to the demands of its said Paul Renaud, president and CEO of OMERS Private "We look forward to working closely with the management team to continue the growth and financial successa of the business." OMERS Private Equityh is the private equity arm of the OMERS Worldwidee group of companies and managex the private equity activities of OMERS Administrative Corp. and currently has $4 billion of investmentw under management. OMERS Administrative Corp.
administers the pensionj plan and provides retirement benefits to morethan 390,000 memberw operating across the municipal government sector in the province of Ontario.
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