American Track establishes North American Rail Solutions and acquires Universal Rail Systems
On April 18, 2023, American Track Services (“ATS”) announced the acquisition of Universal Rail Systems (“URS”) and the creation of the new parent company, North American Rail Solutions. The two existing brands will operate under a consolidated umbrella, with ATS serving customers in the United States and URS serving customers in Canada. They each will remain focused on quality service while continuing to increase their geographic reach and combining their capabilities to deliver an industry-leading suite of solutions and services in both countries. Terms of the transaction were not disclosed.
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North American Rail Solutions is an international railroad services organization serving clientele across the continent. The organization's unmatched reach is supported by an interconnected network of entrenched local offices and entities, enabling the team to respond to any railroad issue, anywhere within the United States or Canada.
American Track Services is the leading independent provider of turnkey railroad design, repair, maintenance, construction, inspection, and terminal services for critical rail infrastructure at industrial, short-line, municipal, and logistics sites in the United States.
Universal Rail Systems is the leading railway infrastructure service provider in Canada, operating out of 12 locations across Canada from West coast to East Coast.
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. With ~$2 billion under management, the firm concentrates on service companies, with an emphasis on outsourced business and industrial support services, and healthcare companies.
TorQuest Partners is a Canadian-based manager of private equity funds. With more than C$3.5 billion of equity capital under management, TorQuest is currently investing from TorQuest Partners Fund V, a C$1.4 billion fund that closed in March 2020.