Vermeer Buys McLaughlin
23 September 2017
Vermeer Corp., Pella, Ia. announced its acquisition of the remaining non-Vermeer interests of McLaughlin Group, Inc., a manufacturer of drill tooling and vacuum excavation equipment. Vermeer took an initial vested position in McLaughlin in 2012, when it acquired a minority interest in the Greenville, SC company.
“Our initial investment in McLaughlin created the ideal opportunity to determine how the company culture and product portfolio fit within our organization,” said Jason Andringa, president and CEO at Vermeer. “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.”
McLaughlin will continue to operate under the McLaughlin name in Greenville. Dave Van Wyk, previously the senior director of Lifecycle Solutions at Vermeer, will serve as general manager. Dave Gasmovic, formerly president and CEO of McLaughlin will take the role of business development manager and Jeff Wage, sales director, will continue to lead the McLaughlin sales group.