North American Rail Solutions acquires Rapid Track via American Track

Whats Happening:

North American Rail Solutions, through its subsidiary American Track, has acquired Rapid Track, a rail maintenance and construction services provider based in Tyrone, GA. This acquisition expands North American Rail Solutions' presence in the Southeast US and strengthens its position as the largest provider of industrial rail services in North America.

Key Moves:

• North American Rail Solutions acquires Rapid Track through American Track subsidiary

• Acquisition expands presence in Southeast US rail services market

• Rapid Track to join American Track's operations

By The Numbers:

• North American Rail Solutions operates from 30+ full service offices in the US and Canada

• Rapid Track was established in 1994

• DFW Capital Partners manages ~$2.5 billion

Key Quotes:

• "Rapid Track has been a strong provider of rail services in the Georgia area for several decades. The Southeast is a critical area for American Track and we felt that Shannon and Brandi had a team that was an excellent match for the American Track culture." - Tom Lucario, CEO for North American Rail Solutions

• "Rapid Track is our family business and our life's work. We were only interested in joining with a great company that could help us grow and create lasting opportunities for ourselves and our employees." - Shannon Shockley, President and owner of Rapid Track

Bottom Line:

The acquisition of Rapid Track by North American Rail Solutions through American Track strengthens the fund's position in the US rail services market, particularly in the Southeast. This move aligns with the fund's strategy of expanding its geographical footprint and service capabilities in the industrial rail sector.

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