Moran Environmental Recovery LLC (MER), an integrated environmental and industrial services company, has acquired Drummac Inc., the leading provider of mechanical maintenance, inspection, repair and cleaning services to the passenger rail industry, for an undisclosed consideration.
Drummac Inc., headquartered in Jacksonville Beach, Florida, also provides equipment and supplies to its customers. The company currently services long haul, intercity, and commuter lines operated by Amtrak, RailPlan International, and Keolis in 11 states, primarily located in the southeast and northwest of the USA.
Moran Environmental Recovery LLC (MER) provides specialized services to the energy and industrial, marine, pipeline, and rail industries. The company operates from 11 locations along the United States east and gulf coast regions, and is also nationally recognized for its emergency response capabilities.
Oaklins' team in Jacksonville provided merger and acquisition advisory services to the seller, which included valuation advisory, transaction structuring, marketing, and negotiation.
Ashley Rea, President of Drummac Inc., stated: “The Oaklins' team put together a comprehensive marketing package that perfectly explained our unique business and, more importantly, identified new opportunities and growth potential to prospective buyers. They were extremely helpful throughout the due diligence process and provided the expertise and professionalism to get the deal closed.”
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