Opus Inspection Inc. (Opus), a 100% subsidiary of Opus Group AB (publ), has purchased 100% of the shares of Gordon-Darby Inc. for approximately USD 55 million on a cash and debt-free basis.
Gordon-Darby will continue to operate as is, under the same name, and with the same management team and staff. The entire Gordon-Darby team is highly experienced and well appreciated by its customers and other stakeholders.
In 2017, the company had revenues of approximately USD 35 million US, with the majority coming from vehicle inspection programs. The largest of those is in Arizona, which is a centralized program. Gordon-Darby has been the incumbent vehicle inspection contractor in Arizona since 1991, in New Hampshire since 2004, and the incumbent vehicle inspection database contractor in Texas since 2007. The company also provides technology and support services to the State of Texas for all fish and game licensing services under a six-year contract that began in 2012, with state options to extend for two additional five-year terms.
“The Gordon-Darby acquisition increases our footprint in the U.S., while offering management and technology synergies to benefit our customers worldwide”, said Opus Group CEO, Lothar Geilen. “We are particularly excited that Gordon-Darby is joining forces with Opus in light of their strong presence in Arizona, New Hampshire and Texas. In Arizona, Opus business entities have been employing Arizona citizens since 1990. Our Tucson Development Center employs 50 engineers and technicians supplying technologies to Opus operations in 20 U.S. states and nine other countries.“
Gordon-Darby will continue to provide the excellent products and services that have contributed to their reputation for high quality over the 38-year history of the company. The President of Gordon-Darby, Bob Tefft, says, “The Gordon-Darby team and I are excited to join Opus. With its strong financial position and international experience, the new owner will help Gordon-Darby to address the future needs of our customers while we grow our business.”
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