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 Georgia-based rail maintenance and construction services provider. 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

• Strengthens position as largest industrial rail services provider in North America

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 of 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 demonstrates the fund's strategic expansion in the US rail services market. This move strengthens its position in the Southeast and aligns with its goal of providing comprehensive rail services across North America, potentially leading to increased market share and revenue growth.

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