December 16, 2020
Cathcart Rail Acquires Appalachian Railcar Services Written by Marybeth Luczak, Executive Editor
With the addition of railcar repair and maintenance company ARS, Cathcart Rail now employs 800 people across 60 locations in 22 states.
Cathcart Rail and its financial partner, Star America Infrastructure Partners, LLC, have acquired Appalachian Railcar Services (ARS), a railcar repair and maintenance company based in Eleanor, W.Va.
ARS was sold from parent company GenNx360 Capital Partners, a private equity firm investing in middle-market business services and industrial companies. ARS provides certified tank car and freight car repair in 10 locations, from Maryland to Nebraska; interior and exterior cleaning, coating, and lining services; mobile repair; on-site customer repair operations; switching operations; and railcar storage. It serves companies in the agriculture, chemicals, manufacturing, energy, food proce