Progress Rail - M&A Summary, Ownership, and Business Overview

MachineryCompany

Progress Rail M&A Summary

Progress Rail has acquired 7 companies of its own. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

Progress Rail’s largest acquisition to date was in 2010, when it acquired Electro-Motive Diesel for $820M. Progress Rail has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include manufacturing (50%) and transportation (17%).

Progress Rail Ownership

Who owns Progress Rail?

Progress Rail is owned by Caterpillar. It was acquired on June 19, 2006.

Was Progress Rail formerly PE-backed?

Yes. Progress Rail was formerly owned by 1 private investor.

Progress Rail Business Overview

Where is Progress Rail headquartered?

Progress Rail is headquartered in Albertville, Alabama.

How many employees does Progress Rail have?

Progress Rail has 8,000 employees.

What sector is Progress Rail in?

Progress Rail is a machinery company.

When was Progress Rail founded?

Progress Rail was founded in 1982.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 7
  • M&A Advisors 1

Progress Rail

Progress Rail Services Corp.

1600 Progress Drive,
Albertville, Alabama 35950
United States,
(256) 593-1260
www.progressrail.com

Progress Rail is a provider of rail and transit products and services throughout North America.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $820M $820M
Sell (0.4/yr) # 1 1 - 1 - - 3
  9

Most Recent M&A

Company Date Value Type
Progress Rail - Battery-Electric Locomotives 2022-01-28 - Divestiture
Albertville, Alabama
Progress Rail Equipment Leasing Corp. 2020-01-02 - Divestiture
Albertville, Alabama
ECM SPA 2018-01-04 - Add-on Acquisition
Pistoia, Italy · www.ecmre.com
Downer EDI - Freight Rail Business 2017-11-21 - Divestiture
North Ryde, Australia
Mansbach Metal Co. 2017-11-10 - Divestiture
Ashland, Kentucky
Haynes Corporation 2015-10-05 - Add-on Acquisition
Naples, Florida · www.haynesco.com
Rail Product Solutions, Inc. 2015-09-28 - Divestiture
Overland Park, Kansas
Electro-Motive Diesel, Inc. 2010-06-01 820M USD Add-on Acquisition
Lagrange, Illinois · www.emdiesels.com
FCM Rail Ltd. 2010-03-07 - Add-on Acquisition
Fenton, Michigan · www.fcmrail.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 3 (50%) - - -
Transportation 1 (17%) 820M (100%) 1 (33%) -
Building Materials 1 (17%) - - -
Financial Services 1 (17%) - - -
Business Services - - 1 (33%) -
Metals/Mining - - 1 (33%) -
Total 6 $820M 3 -

By Geo

State/Country Buy Value Sell Value
United States 4 820M 3 -
  Alabama - - 2 -
  Michigan 1 - - -
  Kansas 1 - - -
  Illinois 1 820M - -
  Florida 1 - - -
  Kentucky - - 1 -
Australia 1 - - -
Italy 1 - - -
Domestic 4 (67%) 820M (100%) 3 (100%) -
Cross-border 2 (33%) - - -
Total 6 $820M 3 -

Top M&A Advisors

Legal Deals
Mayer Brown
 1

Deal Values

buy # Total
$100M to $1B 1 $820M
TOTAL $820M
Largest Electro-Motive Diesel, Inc.
$820M (2010-06-01)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Strategic(s)
33%
2 (33%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Machinery

Employees

8,000

Established

1982

Subsidiary of

Caterpillar

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