HAZLETON, Pa. & CHESAPEAKE, Va.--(BUSINESS WIRE)--Effective January 11, 2017, DBi Services has acquired the assets of TME Enterprises, Inc., a provider of transportation and facilities management services in Virginia and Florida. By partnering with TME, DBi gains a talented workforce, highly complementary services and operational best practices that puts the company in an even stronger position to grow and support its customers worldwide.
The acquisition of TME is an excellent strategic fit that supports DBi’s continued expansion of its service capabilities. TME is a perfect complement to DBi’s existing footprint, further expanding its geographic coverage on the East Coast. The partnership provides additional opportunities for DBi’s core businesses in the ever-growing transportation operations and maintenance industry.
Mark Robinson, DBi Services President and COO noted, “We are very excited to bring the TME team into the DBi Services family because they are a great company, and it allows us to bring additional value to our key customers in Virginia and Florida.”
Founded in 1992 as a lawn care business by Matt Ehrenzeller, TME Enterprises currently employs over 300 people, and operates out of 14 additional locations throughout Virginia and Florida. The company has a fleet of more than 260 trucks and 560 pieces of equipment and currently owns and operates the largest private snow removal fleet in Virginia, primarily providing right-of-way asset maintenance services to the transportation industry. Services provided by TME range from complete DOT right-of-way and facilities management to single activity service contracts for various government and commercial customers.
“Our organizations come from very similar backgrounds and hold the same core values for our employees and customers. Our team has worked tirelessly to transform TME from a lawn care business into what it is today by leveraging our proprietary software and capitalizing on market opportunities,” said Ehrenzeller. “Now, with the combined best practices and efficiencies of both companies, DBi will continue to be the industry leader and provide our customers with the highest-quality services. DBi has sound strategies in place and the necessary resources to achieve their future growth goals. This is exciting and will produce vast opportunities for our TME family as we join the DBi family.”
Ehrenzeller’s initial focus will be on a seamless and effective integration to ensure operations are transitioned efficiently into DBi Services. He will then transition into a consultant role using his experience and passion for the business to help DBi continue to innovate its systems and processes for serving its customers.
Roger Zino, DBi CEO stated, “I am excited to welcome Matt and TME management to our senior leadership group as we continue to expand our industry-leading team of talented and committed executives with a passion for growth and a dedication to pursuing excellence every day in serving our customers.”
The new partnership brings together distinctive operating excellence that enables DBi to continue to provide TME customers with the highest levels of contracting service while maintaining TME’s strong commitment to safety and the environment. Both DBi and TME share similar entrepreneurial roots, customer focus and family-oriented cultures, and the acquisition will allow DBi to offer all employees additional career development opportunities and job stability.
DBi will immediately begin to operate the business under the name DBi Services, maintaining operations in Virginia and Florida with plans to continue to grow in these important geographies. The travelling public will benefit from DBi’s and TME’s combined commitment to improving safety, enhancing mobility and preserving State DOT assets.
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 60 locations and 2100 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, with over $4 billion of assets under management, Sterling is guided by its 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.
