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article about: Wheels, bearings, axles, brakes, rail suppliers, Amsted Rail, IBEX™ , A. Stucki Co., Knorr-Bremse, Knorr Brake Co., EP2002 CubeControl, MPL Innovations Inc., Topstick, Southern Technologies Inc., defect detecters. From the editors of Progressive Railroading Magazine
12/15/20 GenNx360 Capital Partners, a New York-based private equity firm, today announced the successful sale of its portfolio company, Appalachian Railcar Services , to Cathcart Rail. GenNx360 invested in ARS in March 2017 as part of a sector focused, proactive sourcing strategy targeting investments in the railcar services sector. Over the past three years, GenNx360, in partnership with management, transformed ARS into a highly strategic industry leader through a number of initiatives that drove revenue and margin growth. Key accomplishments include significantly enhancing the leadership ...
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 midd...
12/15/20 RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Appalachian Railcar Services, LLC (ARS), a portfolio company of GenNx360 Capital Partners, on its sale to Cathcart Rail, LLC and its financial partner, Star America Infrastructure Partners, LLC (together with its related persons, Star America). ARS is one of the largest railcar repair companies in the U.S., providing a range of industrial logistics services including certified tank and freight car repair; various interior and exterior cleaning, coat...
Share: Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Appalachian Railcar Services, LLC (ARS), a portfolio company of GenNx360 Capital Partners (GenNx360), on its sale to Cathcart Rail, LLC (Cathcart) and its financial partner, Star America Infrastructure Partners, LLC (together with its related persons, Star America). ARS is one of the largest railcar repair companies in the U.S., providing a range of industrial logistics services including certified tank and freight car repair; various interior and exterior cleaning, coating and lining ...