Hillsboro’s industrial hauling and construction company Omega Morgan sold a majority stake to a group of private investors.
Hillsboro’s industrial hauling and construction company Omega Morgan sold a majority stake to a group of private investors.
The move will help Omega Morgan expand beyond the Pacific Northwest into Phoenix and Vancouver B.C., new chief executive John McCalla said.
McCalla, the former CEO of Warn Industries in Clackamas, partnered with Riverlake Partners to buy a controlling share of the company. Portland’s Columbia Investments also invested in the deal.
Omega Morgan’s sales increased nearly 50 percent this year as its industrial clients started to recover from the recession, McCalla said. He expects almost $60 million in revenues this year, up from $40 million last year.
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