M&A Deal Summary

American Track Acquires Universal Rail Systems

On April 17, 2023, American Track acquired transportation company Universal Rail Systems from TorQuest Partners

Acquisition Highlights
  • This is American Track’s 2nd transaction in the Transportation sector.
  • This is American Track’s 1st transaction in Canada.
  • This is American Track’s 1st transaction in Alberta.

M&A Deal Summary

Date 2023-04-17
Target Universal Rail Systems
Sector Transportation
Buyer(s) American Track
Sellers(s) TorQuest Partners
Deal Type Add-on Acquisition
Advisor(s) Northborne Partners LLC
Lazard (Financial)

Target

Universal Rail Systems

Sherwood Park, Alberta, Canada
Universal Rail Systems is a supplier of railway maintenance, new track construction, rehabilitation and emergency services on main and secondary lines. It also provides highly specialized track services as well as light rail transit (LRT) construction, maintenance, signals and communication support. Universal Rail Systems is based in Sherwood Park, Alberta.

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Buyer(S) 1

Buyer

American Track

Fort Worth, Texas, United States

Category Company
Founded 1978
Sector Construction
DESCRIPTION

American Track specializes in the inspection, repair, maintenance, design, and construction of railroad tracks, predominantly for private industrial users. American Track was founded in 1978 and is based in Fort Worth, Texas.


DEAL STATS #
Overall 4 of 7
Sector: Transportation M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 6
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 TRAC

Boiling Springs, Pennsylvania, United States

TRAC specializes in providing railroad design and construction services that go from concept to completion. The company's customers appreciate having a trusted partner who can handle the nuances and complexity of rail design and construction, freeing their precious time to focus on the demands of running their business. TRAC is based in Boiling Springs, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 West Rail

Vancouver, Washington, United States

West Rail provides construction services to customers in a wide range of industries including ports, forestry, chemicals, energy, waste and more. West Rail is based in Vancouver, Washington.

Buy -

Seller(S) 1

SELLER

TorQuest Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.


DEAL STATS #
Overall 25 of 27
Sector: Transportation M&A 2 of 3
Type: Add-on Acquisition M&A Deals 12 of 12
State: Alberta M&A 1 of 1
Country: Canada M&A 19 of 21
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 S.i. Systems

Calgary, Alberta, Canada

S.i. Systems is an IT staffing company that uses a proprietary web-based match-making solution called MatchGuide to provide precision contract and permanent placements for IT professionals across Canada. S.i. Systems was founded in 1994 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Brimich Logistics

Brantford, Ontario, Canada

Brimich Logistics is a full-service, family owned, and operated supply chain management and third-party logistics. Brimich Logistics was founded in 1997 and is based in Brantford, Ontario.

Buy -