DBi Services, a portfolio company of Sterling Partners, has acquired the assets of South Point, Ohio-based Mercier’s Inc, a provider of on-track railroad vegetation management and herbicide applications. No financial terms were disclosed.
HAZLETON, PA – Effective November 29, 2016, DBi Services has acquired the assets of Mercier’s Inc., located in South Point, Ohio. Mercier’s Central Branch currently employs over 50 people, under ownership of Craig Mercier.
Founded in 1978, the company was operating through two branches, primarily servicing the Railroad and DOT maintenance markets. In January 2016, DBi Services acquired and successfully integrated the Mercier’s Inc. Harmans, Maryland Branch, which positioned DBi to become one of the largest highway maintenance contractors in Maryland.
Mercier’s services include on-track railroad vegetation management, right-of-way herbicide applications and mowing, stormwater management, bio-retention trenches, incident and emergency management, and roadway/roadside traffic control.
The acquisition of the Ohio location is an excellent strategic fit for DBi’s ambitious growth objectives, and a perfect complement to its existing services. It will provide additional opportunities in the Midwest for DBi’s core businesses, further expanding DBi’s vegetation management and diversified services.
DBi will now operate Mercier’s Inc. under the name DBi Services, maintaining operations in the current South Point location, with plans for future consolidation with their Huntington, West Virginia location. Craig’s initial focus will be on an effective integration to ensure operations are transitioned efficiently into DBi Services. He will then transition into a business development role with DBi focusing on the Midwest.
“I take great pleasure in announcing the acquisition of Mercier’s by DBi Services. I believe this is the beginning of a new chapter that will greatly grow the business and careers of our employees to whom I have come to see as both friends and family,” said Mercier.
Mark Robinson, DBi Services President and COO noted, “We have a lot of respect for Craig, and for the team and business he has built. We welcome Craig and all of the Mercier’s employees to the DBi family, and we look forward to successful growth together.”
About DBi Services
DBi Services is a global leader in infrastructure operations and maintenance. Founded in 1978, DBi is headquartered in Hazleton, Pennsylvania and has grown from a small commercial residential maintenance company to a global network of over 50 locations and 1800 employees in the US, Canada and the UK, providing infrastructure maintenance, management and operations solutions to government agencies, railways, utilities and private industries. To further fuel its growth, in 2016 DBi partnered with Sterling Partners, a growth-oriented private equity firm, allowing DBi to invest in more resources and build upon its position as a market leader. For more information, visit www.dbiservices.com.
About Sterling Partners
Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Founded in 1983, Sterling has invested billions of dollars, guided by the company’s stated purpose: INSPIRED GROWTH®, which describes Sterling’s approach to investing in differentiated businesses and growing them in inspired ways. Sterling focuses on investing growth capital in middle-market companies in the healthcare services and business services industries. Sterling provides valuable support to the management teams of the companies in which the firm invests through a deep and dedicated team of professionals, including a strong network of outside directors and advisors. The people at Sterling believe in ideas and ideals, in people and in partnerships that drive long-term success. For more information, visit www.sterlingpartners.com.