M&A Deal Summary

Paceline Equity Partners Acquires Progress Rail Equipment Leasing

On January 2, 2020, private equity firm Paceline Equity Partners acquired business services company Progress Rail Equipment Leasing from Progress Rail

Acquisition Highlights
  • This is Paceline Equity Partners’ 1st transaction in the Business Services sector.
  • This is Paceline Equity Partners’ 2nd transaction in the United States.
  • This is Paceline Equity Partners’ 1st transaction in Alabama.

M&A Deal Summary
Date 2020-01-02
Target Progress Rail Equipment Leasing
Sector Business Services
Buyer(s) Paceline Equity Partners
Sellers(s) Progress Rail
Deal Type Divestiture

Target

Progress Rail Equipment Leasing

Albertville, Alabama, United States
Progress Rail Equipment Leasing is a lessor of railroad maintenance-of-way (MOW) equipment and services. Progress Rail Equipment Leasing is based in Albertville, Alabama.

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Buyer(S) 1

Buyer

Paceline Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Paceline is a private equity manager focused on value-oriented and special situations investments across real assets, corporate debt, and private equity in all market environments. Paceline’s investment focus is on situational and event-driven circumstances. Paceline Equity Partners was formed in 2018 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 2 of 6
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 2
State (Alabama) 1 of 1
Country (United States) 2 of 6
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 Data Axle

Dallas, Texas, United States

Data Axle is a provider of data and interactive resources that enables targeted sales, effective marketing and insightful research solutions. The Company's information powers tools and insights for businesses to efficiently reach current and future customers through multiple channels, including the world’s Internet search engines and GPS navigation systems. Data Axle was founded in 1972 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 RELAM

Glenwillow, Ohio, United States

RELAM provides its customers with a comprehensive set of MOW solutions, including an expansive equipment fleet used to maintain critical railroad infrastructure along with complementary track maintenance services. The Company has set the industry standard for quality and dependability, providing its MOW equipment and services to a blue-chip customer base comprised of Fortune 500 railroad operators and contractors throughout North America. RELAM was founded in 1992 and is based in Glenwillow, Ohio.

Buy -

Seller(S) 1

SELLER

Progress Rail

Albertville, Alabama, United States
Category Company
Founded 1982
Sector Machinery
Employees8,000
DESCRIPTION

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

DEAL STATS #
Overall 2 of 3
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 3
State (Alabama) 1 of 2
Country (United States) 2 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 ECM

Pistoia, Italy

ECM SPA is a manufacturer and provider of signaling products. ECM SPA was established in 1958 and is based in Pistoia, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-28 Progress Rail - Battery-Electric Locomotives

Albertville, Alabama, United States

Progress Rail's Battery-Electric Locomotives Includes 10 Battery electric locomotives.

Sell -
Mergr

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