The leading US railroad contractor further expands national reach.
FORT WORTH, Texas (GLOBE NEWSWIRE) — As the Nation’s leading provider of inspection, maintenance, repair and specialized construction services for industrial railroad infrastructure, American Track is proud to announce the acquisition of The Railroad Associates Corp (TRAC) in Boiling Springs, PA.
“We are excited to join the American Track organization,” stated Mike Kennedy, founder of TRAC. “We set out 22 years ago to build a great company, and joining American Track is the culmination of those efforts. We are happy to be a part of a team that delivers to rail service clients a shared commitment to strong customer service, quality workmanship and safety.” Dave Goretski, former COO of TRAC, added, “With our strong maintenance presence in the Northeast and nationwide presence on rail construction projects, TRAC brings new and increased solution-based service capabilities to an already strong, national organization.” As part of the combination, Dave will serve as the Chief Development Officer for American Track, while Mike will remain active with the organization and support in an advisory capacity. Dave, Mike and certain key TRAC employees also have joined in the management equity ownership of American Track.
TRAC was represented in the process by TM Capital www.tmcapital.com. Affiliates of DFW Capital Partners made an additional equity investment in the company, coupled with support from the existing American Track lender, PineBridge Investments.