Boretec Equipment Acquires McLaughlin Auger Boring Product Line

Oct 23, 2024

Bill Malcolm, founder and CEO of Boretec Equipment LLC, is widely known in the auger boring industry as the inventor of the On-Target Steering (OTS) System and a pioneer in horizontal boring and tunneling technologies. Malcolm is now taking the next step in the evolution of Boretec Equipment by adding manufacturing and service capabilities.

Integral to this expansion of the business – and after nine months of establishing inventory and retooling sales and manufacturing – Boretec Equipment is proud to announce that it acquired full control of the McLaughlin auger boring product line from Vermeer Corp.

Boretec Equipment, based in Inman, South Carolina, officially acquired the assets – including the OTS System, horizontal and mining augers, pit launch directional drills, cutting heads, auger boring machine service parts and support rights – in December 2023.

“We are grateful for McLaughlin’s and Vermeer’s contribution to the lifecycle of these products,” said Malcolm. “These relationships, along with over 100 years of combined experience in the field, have helped us better realize what our customers want and need.”

The equipment is now being manufactured and updated by Boretec Equipment and is marketed under the McLaughlin by Boretec name. Not included in the purchase are McLaughlin’s utility locating and piercing tools, which stayed with Vermeer MV Solutions.

Joining Malcolm at Boretec Equipment in an outside sales role is Dave Gasmovic, most recently the business development manager for Vermeer MV Solutions. Prior to Vermeer’s acquisition of McLaughlin Group Inc. in 2017, Gasmovic served as the company’s president and CEO.

The team at Boretec Equipment is excited to meet the coming needs of the underground construction industry. Malcolm notes that the industry can contact Boretec for all their McLaughlin needs, and to look forward to new and updated products in the McLaughlin by Boretec line.

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