North American Rail Solutions Acquires Rapid Track

Courtesy of North American Rail Solutions

FORT WORTH, Texas - Through its subsidiary, American Track, North American Rail Solutions acquires Georgia-based Rapid Track.

Rapid Track, founded in 1994, provides maintenance and construction services for rail, “primarily for industrial and shoreline customers in the Southeast US,” according to the press release. North American Rail Solutions provides rail inspection, maintenance, construction, terminal and support services throughout North America and serves a number of industries. These include Class I and short line railroads as well as transit, ports, trainload facilities, and more. Its subsidiary, American Track, is headquartered in Forth Worth, Texas and is a provider of turnkey railroad design, repair, construction, inspection, and maintenance.

North American Rail Solutions CEO Tom Lucario said, “Rapid Track has been a strong provider of rail services in the Georgia area for several decades. The Southeast is a critical area for American Track and we felt that Shannon and Brandi had a team that was an excellent match for the American Track culture. We knew they would be a great addition.”

President and owner of Rapid Track Shannon Shockley said, “Rapid Track is our family business and our life’s work. We were only interested in joining with a great company that could help us grow and create lasting opportunities for ourselves and our employees. We know American Track will be the place and we are excited about the future with North American Rail Solutions.”

RR Mergers & Acquisitions on July 7 reported serving as the exclusive sell-side advisor on the transaction. With more than 20 years of service to the rail sector, RR Mergers & Acquisitions is a middle-market investment bank specializing in advisory services for railroad service and supplier companies.