OMERS Private Equity Acquires Nordco Inc.

* Reuters is not responsible for the content in this press release.

Mon Jun 1, 2009 9:01am EDT 

  TORONTO, ONTARIO, Jun 01 (MARKET WIRE) -- 
OMERS Private Equity, a subsidiary of OMERS Administrative Corporation
("OMERS"), announced today that it has acquired Nordco Inc. from funds
represented by The Riverside Company.

    Nordco, based in Oak Creek, Wisconsin, is the leading designer,
manufacturer, and supplier of critical products and services that help
maintain rail infrastructure throughout North America. Nordco has been
manufacturing maintenance-of-way equipment for over 80 years and provides
comprehensive solutions for the Class 1 North American, regional and
short-line railroads, equipment leasing companies and a broad variety of
industrial customers.

    "Nordco is a great addition to our North American portfolio with its
market-leading position and long history of responding to the demands of
its customers," said Paul Renaud, President and CEO of OMERS Private
Equity. "We look forward to working closely with the management team to
continue the growth and financial success of the business."

    Nordco operates manufacturing facilities in Oak Creek and Oshawa,
Ontario. Nordco companies include: Dapco Industries of Ridgefield,
Connecticut; Nordco Rail Services of Lee's Summit, Missouri; Shuttlewagon
of Grandview, Missouri; and J.E.R. Overhaul of Arcola, Illinois.

    "We are extremely excited to partner with the OMERS team and look forward
to our joint prospects," said Bruce Boczkiewicz, President and CEO of
Nordco. "We expect to take our market leadership and already strong
performance in this tough economy and leverage the OMERS support and
expertise to reach even higher levels of performance in the future."

    Acquisition financing was provided by GE Capital, Allied Capital and
OMERS.

    About OMERS Private Equity

    OMERS Private Equity manages the private equity activities of OMERS and
today has $4 billion of investments under management. The group's
investment strategy includes the active ownership of businesses in North
America and Europe. For further information visit: www.omerspe.com.

    About OMERS

    OMERS is one of Canada's largest pension funds and was recently voted one
of Canada's top 50 employers by Hewitt Associates. OMERS administers the
pension plan and provides retirement benefits to more than 390,000
members operating across the municipal government sector in the province
of Ontario. The OMERS Worldwide brand represents the various OMERS
investment entities, including OMERS Strategic Investments, OMERS Private
Equity, OMERS Capital Markets, Borealis Infrastructure, and Oxford
Properties Group.

Contacts:
OMERS Private Equity
Paul Renaud
President and Chief Executive Officer
(416) 864-3201
Email: prenaud@omerspe.com

OMERS Private Equity
Michael Graham
Senior Managing Director
(416) 864-3205
Email: mgraham@omerspe.com
Website: www.omerspe.com

Copyright 2009, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.