Doedijns Group International (DGI), through its US subsidiary Logan Industries International Corp. (DGI Logan), has acquired Hadco Services Inc., a specialized repair and service company based in Mobile, Ala. The acquisition is supported by DGI’s shareholder, the IK 2007 Fund, which is advised by IK Investment Partners (IK).
Diversification DGI, headquartered in the Netherlands, is a supplier of hydraulic equipment and repair and maintenance services for a wide variety of industries. The acquisition of Hadco fits perfectly into DGI’s diversification strategy. Hadco has a strong presence in the Alabama steel region and the US dredging industry, two target markets for DGI. Hadco’s focus is on repair and (field) services for hydraulic cylinders, gearboxes, and pumps and further strengthens the repair and maintenance capacity of DGI.
The acquisition of the assets of Hadco follows the opening of DGI Logan’s Louisiana based Offshore Operations & Maintenance Services location in January. The combination of the three USA-based DGI Logan locations (Houston, New Iberia and Mobile) gives the company a strong local presence in the oil and gas, steel and dredging industry, enabling DGI Logan to service its customer base locally. In addition, the engineering support will complement Hadco’s repair skills and the scale of the combination will lead to a wider repair and maintenance solutions portfolio. Additionally the support of New Iberia and Houston will open up a higher tier level capacity of repairs to Hadco Services.
Founded in 2005, Hadco is currently owned by its founder, Bobby Hadley. He will remain at Hadco as the General Manager to provide continuity and stability for this business and current customers. “The link up with DGI Logan will allow us to further expand our hydraulic services and capacity, benefitting our existing customers. We are looking forward to collaborating with our new colleagues at DGI Logan,” said Hadley.
Frank Robben, CEO of DGI, added, “The acquisition of Hadco is the next logical step in our strategy of industry diversification and further develop of DGI’s footprint. We now have acquired a business that is highly respected in the steel and dredging industry, and claimed a presence in the strategically important Alabama region which is home to a large segment of the USA steel industry. Additionally, Hadco’s expertise in hydraulic repair and maintenance will reinforce our competitive advantage.”