Virginia firm target of takeover by DBi
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.