Vir­ginia firm tar­get of takeover by DBi

The Hazleton Standard-Speaker - - BUSINESS -

DBi Ser­vices, of Ha­zle­ton, has ac­quired the as­sets of TME En­ter­prises Inc., a provider of trans­porta­tion and fa­cil­i­ties man­age­ment ser­vices in Vir­ginia and Florida, ef­fec­tive Wed­nes­day.

In a news re­lease, DBi stated that it gains a tal­ented work­force, highly com­ple­men­tary ser­vices and op­er­a­tional best prac­tices through the part­ner­ship that put the com­pany in an even stronger po­si­tion to grow and sup­port its cus­tomers world­wide.

TME is a per­fect com­ple­ment to DBi’s ex­ist­ing foot­print, the re­lease states, fur­ther ex­pand­ing its ge­o­graphic cov­er­age on the East Coast and pro­vid­ing ad­di­tional op­por­tu­ni­ties for its core busi­nesses in the trans­porta­tion oper­a­tions and main­te­nance in­dus­try.

Founded in 1992 as a lawn care busi­ness by Matt Ehren­zeller, TME em­ploys over 300 peo­ple and op­er­ates out of Ch­e­sa­peake, Vir­ginia, and 14 ad­di­tional lo­ca­tions in Vir­ginia and Florida.

The com­pany owns and op­er­ates the largest pri­vate snow re­moval fleet in Vir­ginia, pri­mar­ily pro­vid­ing rightof-way as­set main­te­nance ser­vices to the trans­porta­tion in­dus­try.

“Our or­ga­ni­za­tions come from very sim­i­lar back­grounds and hold the same core val­ues for our em­ploy­ees and cus­tomers,” Ehren­zeller said. “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.”

DBi was founded in 1978 and has grown from a small com­mer­cial res­i­den­tial main­te­nance com­pany to a global net­work of over 60 lo­ca­tions and 2,100 em­ploy­ees in the United States, Canada and the United King­dom. Last year the com­pany 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.

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