FORT
WORTH, Texas, May 21, 2024
/PRNewswire/ -- North American Rail Solutions, through its
subsidiary American Track, is proud to announce that it has
acquired Strategic Rail, LLC in Tomahawk,
WI. The merged companies will continue as American Track.
North American Rail solutions is the largest provider of industrial
rail inspection, construction, maintenance, terminal and support
services in North America.
North American Rail Solutions, through its
subsidiary American Track, announces that it acquired Strategic
Rail, LLC.
Strategic Rail, established in 2005 by Dianna and Travis Gustafson, provide various
rail support services to Class 1, Short-line and industrial
customers to include grapple truck operations, material handling,
rail car movements and vegetation control. They have been the
dominate provider of these services in the Great Lakes area and
beyond. Strategic Rail adds geographic reach in the Great Lakes
area and brings American Track expanded railway support service
offerings.
When asked about this acquisition, Mike
Erekson, COO of American Track, stated: "Strategic Rail is a
great addition to American Track and allows us to expand our
railway support services to our customers. They are culturally
aligned with American Track in so many ways and we are excited to
have them as part of our team."
Dianna Gustafson, owner of
Strategic rail commented: "Once we met the American Track team, we
knew their goals were aligned with our own dreams to provide
additional quality services to our customers and offer our staff
more advancement options in the future."
North American Rail Solutions
In 2021, DFW Capital
Partners partnered with the management team of American Track
through acquisition and established the parent company, North
American Rail Solutions. Operating from 25 full-service offices
strategically located in the U.S. and Canada, North American Rail Solutions provides
mission-critical services to its customers that ensure the safety,
compliance, and operability of onsite railway assets. North
American Rail Solutions serves a wide range of industries,
including manufacturing, petrochemical, mining, agricultural
products, food and beverage, basic raw materials, ports, transload
facilities, transit, Class 1 and short-line railroads.
www.NorthAmericanRailSolutions.com
American Track
Headquartered in Fort Worth, TX, American Track 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. www.AmericanTrack.com
DFW Capital Partners
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. DFW has established a 20+ year track record of success
in building leading companies and recognizing attractive returns
for its investors. DFW is headquartered in New York, NY and maintains an office in
Chevy Chase, MD. Additional
information is available on DFW's website at
www.DFWCapital.com.
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SOURCE North American Rail Solutions