Nordco
Industry | Railroad maintenance equipment |
---|---|
Founded | 1926 |
Founder | Nordberg Manufacturing Company |
Headquarters | Oak Creek, Wisconsin |
Area served | North America |
Revenue | $175 million (2021) |
$40 million (2021) | |
Parent | Wabtec |
Website | nordco |
Nordco is an American manufacturer of railroad maintenance of way and inspection equipment, based in Oak Creek, Wisconsin. Founded in 1926, it has been a subsidiary of Wabtec since 2021. The company is one of the top manufacturers of railroad maintenance equipment in North America.
History[]
Nordco was founded in 1926 as a division of Nordberg Manufacturing Company.[1] Nordco was purchased by OMERS Private Equity in 2009.[2] In 2021, Nordco was acquired by Wabtec in a $400 million deal.[3][4]
Acquisitions[]
Nordco purchased Illinois railroad maintenance machinery rebuilder J.E.R. Overhaul in 2006, followed by Connecticut based non-destructive testing company Dapco Industries in 2007.[5] Both of the headquarters of these companies now serve as additional manufacturing facilities for Nordco.
In 2016, Nordco acquired Kansas heavy lift truck manufacturer Royal Tractor.[6]
Products[]
Nordco manufactures and rebuilds a wide variety of maintenance of way vehicles, including tie exchangers, ballast regulators, spike drivers, spike pullers, and tie cranes.[7][8] The company also manufactures equipment for non-destructive rail testing, used to inspect railroad tracks for defects. Products range from portable inspection systems to larger systems based on hirail vehicles.[9] Through the company's Shuttlewagon division, Nordco also produces railcar movers and forklifts.
Subsidiaries[]
- Dapco Industries
- J.E.R. Overhaul
- Nordco Rail Services
- Shuttlewagon - Railcar mover manufacturer Shuttlewagon is based in Grandview, Missouri. Nordco purchased the company in 2008.[5] In 2016, Shuttlewagon produced the world's first electric railcar mover, the NVX-E.[10] Also in 2016, Shuttlewagon expanded its operations with a new nearly 500,000 square foot facility in Kansas City.[11]
References[]
- ^ "Our History". www.nordco.com. Archived from the original on 2020-08-05. Retrieved 2021-08-26.
- ^ Staff, BizTimes (2009-06-01). "Nordco acquired by Canadian private equity firm". BizTimes - Milwaukee Business News. Archived from the original on 2021-08-26. Retrieved 2021-08-26.
- ^ "Wabtec Acquiring Nordco". Railway Age. 2021-03-23. Archived from the original on 2021-03-24. Retrieved 2021-08-26.
- ^ Doughty, Nate (29 July 2021). "Wabtec touts success of recent partnerships as it sees recovery across different rail segments in Q2". American City Business Journals. Archived from the original on 2021-07-30. Retrieved 2021-08-26.
- ^ a b "Shuttlewagon Joins Nordco Family of Companies". powderbulksolids.com. 2008-04-15. Archived from the original on 2021-08-26. Retrieved 2021-08-26.
- ^ "Nordco Acquires Royal Tractor". powderbulksolids.com. 2016-06-16. Archived from the original on 2021-08-26. Retrieved 2021-08-26.
- ^ Cotey, Angela. "Rail Insider-Railroad snow plows, air blowers and switch heaters help combat winter weather". Progressive Railroading. Archived from the original on 2017-09-20. Retrieved 2021-08-26.
- ^ Solomon, Brian (2001). Railway maintenance equipment. Osceola, Wis.: MBI Pub. Co. pp. 60, 68, 74, 78. ISBN 0-7603-0975-2. OCLC 46976669. Archived from the original on 2021-08-26. Retrieved 2021-08-26.
- ^ "Nordco | Inspection Technologies". www.nordco.com. Retrieved 2021-08-26.
- ^ "About Us | Shuttlewagon Mobile Railcar Movers". Shuttlewagon. Archived from the original on 2021-01-21. Retrieved 2021-08-26.
- ^ Roberts, Rob (29 November 2016). "Shuttlewagon will expand at Three Trails Industrial Park". Kansas City Business Journal. American City Business Journals. Archived from the original on 1 May 2017. Retrieved 26 August 2021.
- Companies based in Wisconsin
- Rolling stock manufacturers of the United States
- Vehicle manufacturing companies established in 1926
- Wabtec
- 1926 establishments in Wisconsin