EQT to acquire Eagle Railcar Services from JM Texas Companies
- Editor
- Apr 1
- 2 min read
Whats Happening:
EQT Infrastructure VI fund has entered into a definitive agreement to acquire Eagle Railcar Services, a leading provider of railcar repair and maintenance services in North America. Eagle operates 13 full-service facilities across the United States, serving customers in various sectors including chemicals, agriculture, energy, and industrial manufacturing. The acquisition aims to solidify Eagle's position as a national railcar repair and maintenance facility network.
Key Moves:
EQT Infrastructure VI fund to acquire Eagle Railcar Services
Eagle operates 13 full-service repair and maintenance facilities across the US
EQT aims to support Eagle's growth and expand its national network
By The Numbers:
Eagle has grown from 1 location to 13 full-service facilities
The company now employs approximately 1,500 people
EQT Infrastructure VI is expected to be 45-50% invested after this transaction
Key Quotes:
"Eagle utilizes its network of repair and maintenance facilities to provide regulated and essential services to owners of railcars, facilitating the safe transportation of chemicals and other materials that are critical to the global economy," said Neha Jatar, Managing Director at EQT.
"Partnering with EQT marks an exciting new chapter for Eagle. EQT's deep industry expertise and investment capabilities will help fuel our continued growth, enhance our service offerings, and expand our footprint," said Marc Walraven, CEO of Eagle Railcar Services.
Bottom Line:
EQT's acquisition of Eagle Railcar Services represents a strategic move into the essential and growing railcar maintenance market. The deal aligns with industry trends such as increased safety regulations and growth in domestic industrial activity. EQT aims to leverage its expertise in transportation and logistics to drive value creation and support Eagle's expansion, potentially reshaping the railcar services landscape in North America.
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