The transaction is expected to close as the year ends. Quality Rail Services business will be rebranded as Savage QRS, and will continue to be based in Golden, Colo.
Quality Rail Services provides locomotive fueling, mechanical, and other support services on an outsource basis, serving customers in the central and western states, with 30 locations. Its customers include BNSF, Kansas City Southern, and Union Pacific railroads, as well as shippers.
Savage provides services to companies involved in oil refining, chemicals, coal production, electric power generation, and railroads. Subsidiary CANAC Railway Services Inc. provides railroad engineering, planning, design, rehabilitation, and rail training services.