Vermeer Buys Remaining Interest in McLaughlin

Vermeer Corporation has announced its acquisition of the remaining non-Vermeer interests of McLaughlin Group, Inc., a drill tooling and vacuum excavation company.

Vermeer acquired a minority interest in the Greenville, S.C. company 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.”

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, president and CEO at McLaughlin, will become business development manager. Jeff Wage, McLaughlin’s sales director, will continue to lead the sales group.

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