PITTSBURGH, Pennsylvania – DRA Group Holdings has agreed to acquire the Forge Group North America companies formerly known as Taggart Global. The transaction is expected to close shortly.
A worldwide leader in engineering, construction, and operations services, Taggart is an excellent complementary business for DRA, adding extensive experience in coal preparation and diverse mineral and aggregate handling systems in North America, Africa, Australia and China. Founded in 1993, Taggart has long standing relationships with leading mining houses and utility companies.
Going forward, DRA’s operations in the Americas, including its existing Canadian business, will be consolidated with Taggart to reflect the combined strength and diversity of both enterprises. DRA’s operations in the Americas will conduct business as DRA Taggart.
DRA successfully concluded the purchase of Taggart with the full support of management. The existing Taggart management group will remain with the company, and will share an equity stake in the newly formed DRA Taggart business.