RailAmerica acquires Atlas Railroad Construction Company
RailAmerica has reached
an agreement to acquire Atlas Railroad Construction Company and related assets
for $21.5 million in cash plus closing adjustments for working capital, which
are estimated to be approximately $2.5 million. The transaction is expected to
close July 1, 2010. Founded in 1954, Atlas is a railroad engineering,
construction, maintenance and repair company operating primarily in the U.S.
Midwest and Northeast. Atlas provides railroad construction services principally
to public-transit agencies, industrial customers, and short line and regional
railroads.