Vermeer acquires remaining McLaughlin assets
Vermeer Corporation has acquired the remaining assets of drill tooling and vacuum excavation company McLaughlin Group.
McLaughlin, based in Greenville, South Carolina, provides a range of equipment for moleing, directional drilling, core saws, auger boring, piercing tools, locators and vacuum excavators.
Vermeer previously acquired a minority interest in the company in 2012.
“Our initial investment in McLaughlin created the ideal opportunity to determine how the company culture and product portfolio fit within our organisation,” said Vermeer Corporation President and CEO Jason Andringa.
“Now, we look forward to having the McLaughlin team and the products they design and manufacture become part of the comprehensive solution Vermeer provides to the utility market.
“This is especially important in the area of soft-dig excavation where we see demand for equipment and expertise continuing to grow today and well into the future.”
Commenting on the acquisition, McLaughlin Group President and CEO Dave Gasmovic said, “For more than 95 years, McLaughlin has provided workable solutions for the utility industry, where Vermeer is considered a market leader.
“We have worked closely with Vermeer and I can confidently say that incorporating the McLaughlin products into the Vermeer lineup will be a positive for the McLaughlin team and the customers we serve.
“We look forward to being a part of the Vermeer organisation.”
In Greenville, McLaughlin will continue to operate under the McLaughlin name, with previous Vermeer Lifecycle Solutions Senior Director Dave Van Wyk serving as General Manager.
Mr Gasmovic will take the role of Business Development Manager, and Sales Director Jeff Wage will continue to lead the McLaughlin sales group.
For more information visit the Vermeer website.
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