Eberhart Capital inks strategic deal to buys M. J. Van Damme Trucking
Category: #business  By Pranali Mehta  Date: 2020-08-13
  • share
  • Twitter
  • Facebook
  • LinkedIn
Eberhart Capital inks strategic deal to buys M. J. Van Damme Trucking

Eberhart Capital LLC, the Scottsdale, Arizona-based private equity company, has acquired M. J. Van Damme Inc in a USD 20-USD 50 million deal. This investment is the third construction purchase by the company in 2020.

Eberhart Capital, LLC's current portfolio comprises businesses in the construction, logistics, manufacturing, and energy sectors across the United States. Acquiring M. J. Van Damme Inc. would be mutually advantageous for both of these businesses as it would offer access to a large construction service provider in addition to their quarrying and trucking experience.

Eberhart said in the statement that M. J. Van Damme plays a significant role in the region, concentrating on the infrastructure and maintenance of mining sites, as well as on the management of preparing and transporting materials. The business plays an important role in the construction sector by taking advantage of waste resources to fulfill construction needs. 

The firm cited an example of a paper mill that generates paper waste. The business may use the waste product as a binder in many land recovery projects. Hence, the method lowers prices for their clients and avoids waste materials from being discarded.

M. J. Van Damme Inc.'s 130 staff members primarily offer specialist construction support services, trucking and distribution, building supplies, fugitive dust prevention, snow clearing and maintenance activities, land acquisition, and discovery for drilling. The company has supported mining, farming, and civil development in the Midwest, like the Upper Peninsula of Michigan and Northern Wisconsin over the last 20 years. 

Jim Delmont, M. Vice President. J. Van Damme Inc. said they are looking forward to extending their presence into new markets through this chance to be part of Eberhart Capital. Through increased exposure to funding, relevant services, and experience, the collaboration would help current and potential customers.

Source Credit -https://www.prnewswire.com/news-releases/eberhart-capital-acquires-m-j-van-damme-trucking-inc-in-strategic-deal-301110371.html

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

Read More >>

More News By Pranali Mehta

Twitch can now ban users for improper behavior beyond its platform
Twitch can now ban users for improper behavior beyond its platform
By Pranali Mehta

American live video streaming service Twitch has announced to have expanded its hate & harassment policy beyond its platform in an effort to make it relatively safer. This time the rules cover activities outside the platform such as membership i...

Intel unveils its latest Ice Lake Xeon processor for data centers
Intel unveils its latest Ice Lake Xeon processor for data centers
By Pranali Mehta

At its recent virtual “How Wonderful Gets Done 2021” launch program, U.S. chipmaker Intel Corp. launched its 3rd Gen Intel Xeon Scalable processors that will be dedicated towards edge computing, networking, cloud, and high-performance com...

Gatik, Isuzu North America unite to build self-driving delivery trucks
Gatik, Isuzu North America unite to build self-driving delivery trucks
By Pranali Mehta

Gatik, a Silicon Valley-based self-driving startup, has entered a joint venture agreement with Isuzu North America Corp. to develop autonomous delivery trucks. These vehicles will be utilized by Gatik to serve its retail customers, cited sources with...