M&A Deal Summary

Progress Rail Acquires Rail Product Solutions

On September 28, 2015, Progress Rail acquired building materials company Rail Product Solutions from Amsted Rail Company

Acquisition Highlights
  • This is Progress Rail’s 1st transaction in the Building Materials sector.
  • This is Progress Rail’s 3rd transaction in the United States.
  • This is Progress Rail’s 1st transaction in Kansas.

M&A Deal Summary
Date 2015-09-28
Target Rail Product Solutions
Sector Building Materials
Buyer(s) Progress Rail
Sellers(s) Amsted Rail Company
Deal Type Divestiture

Target

Rail Product Solutions

Overland Park, Kansas, United States
Rail Product Solutions, Inc. (RPS) is a North American provider of mission critical track fastening products and integrated fastening systems. The RPS product line provides fundamental components for the rail infrastructure, playing a crucial role in enhancing reliability and minimizing track downtime.

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Buyer(S) 1

Buyer

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 3 of 6
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 2
State (Kansas) 1 of 1
Country (United States) 3 of 4
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 Electro-Motive Diesel

Lagrange, Illinois, United States

Electro-Motive Diesel designs, manufactures, and sells diesel-electric locomotives for the commercial railroad applications in the United States and internationally. The company provides railway transport and diesel engine solutions for intercity passenger, commuter, switching, freight, industrial, and mining applications. It also provides diesel power engines for marine propulsion, offshore and land based oil well drilling rigs, and stationary power generation, as well as OEM parts and services for rail, marine, and power generation applications.

Buy $820M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Haynes

Naples, Florida, United States

Haynes Corporation is a manufacturer of precision diesel fuel injection systems for heavy duty engines. Haynes Corporation products include fuel injection pumps, injector assemblies, nozzle assemblies, delivery valves, plungers and barrels, electronic injectors and contract manufacturing.

Buy -

Seller(S) 1

SELLER

Amsted Rail Company

Chicago, Illinois, United States
Category Company
Sector Machinery
DESCRIPTION

Amsted Rail Company, Inc. is a manufacturer of railroad parts and components. Amsted Rail builds everything from wheels, axles and bearings to brake systems, bogies, bolsters and more. Amsted Rail Company is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Mergr

Product

Company

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