Vermeer Acquires Remaining Interests in McLaughlin
Vermeer Corporation today announced it has acquired the remaining interests of McLaughlin Group, Inc. The company originally acquired a minority interest in McLaughlin in 2012.
“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 Corporation. “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, South Carolina. Dave Van Wyk, previously the senior director of Lifecycle Solutions at Vermeer, will serve as general manager. Dave Gasmovic, President of the McLaughlin Group, will serve as business development manager and Jeff Wage, Vice President of the McLaughlin Group, will continue to lead McLaughlin’s sales group.
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