RR Mergers advises Platinum Track Services in its sale to GCF

Written by David C. Lester, Managing Editor
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RR Mergers & Acquisitions advises Platinum Track Services on sale to GCF.
RR Mergers & Acquisitions

RR Mergers & Acquisitions, advisor to rail service, supplier companies, and short line railroads announced the sale of its client, Platinum Track Services, to GCF Railway Works.

Platinum Track Services is a Canadian-based railroad construction and maintenance services company, specializing in railroad mainline tie replacement and rail relay programs. Platinum Track Services is located in York, Ontario, a suburb of Toronto.

Headquartered in Rome, Italy, GCF – Generale Costruzioni Ferroviarie, S.p.A. operates in the railway infrastructure, electrification, and signaling and maintenance sector. With over 60 years of operation and experience, GCF has consolidated its role in the Italian railway market and continues to strengthen its presence in eight European countries.

Through Platinum Track Services, GCF is expanding its services internationally, to Canada and throughout North America. Edoardo Rossi, President of GCF stated “We are extremely happy to welcome Platinum Track Services management, Matt Spoleti, Mike Sousa and team to GCF.”

For two decades, RRMergers has advised rail service, rail supplier companies, and short line railroad owners in completing exit strategy and succession goals.

Categories: Ballast, Ties, Rail, Bridge/Retaining Walls/Tunnels, News, OFF Track Maintenance, ON Track Maintenance, Track Construction, Track Machinery, Track Maintenance, Track Structure
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