M&A Deal Summary

Wabtec Acquires Xorail

On March 15, 2010, Wabtec acquired engineering company Xorail from Nancy Creek Capital Management for 40M USD

Acquisition Highlights
  • This is Wabtec’s 1st transaction in the Engineering sector.
  • This is Wabtec’s 12th largest (disclosed) transaction.
  • This is Wabtec’s 4th transaction in the United States.
  • This is Wabtec’s 1st transaction in Florida.

M&A Deal Summary

Date 2010-03-15
Target Xorail
Sector Engineering
Buyer(s) Wabtec
Sellers(s) Nancy Creek Capital Management
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

Xorail

Jacksonville, Florida, United States
website
Xorail LLC, is a provider of signal and communications engineering services to the railroad industry in North America. Xorail provides a variety of engineering, design and construction services, mainly for railway signaling systems. These services include design solutions for wayside signaling, positive train control systems and highway grade crossing warning systems, site surveys, systems integration, and field construction and installation of wayside equipment.

Search 192,723 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Wabtec

Wilmerding, Pennsylvania, United States

website


Category Company
Founded 1869
Sector Machinery
Employees27,000
Revenue 7.6B USD (2020)
DESCRIPTION

Wabtec is a provider of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Wabtec builds new switcher and commuter locomotives and provides aftermarket services, including locomotive and freight car fleet maintenance. Wabtec was formed in 1869 and is based in Wilmerding, Pennsylvania.


DEAL STATS #
Overall 7 of 43
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 6 of 35
State (Florida) 1 of 1
Country (United States) 4 of 23
Year (2010) 1 of 4
Size (of disclosed) 12 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-02 Unifin International

London, Ontario, Canada

Unifin International LP, is a manufacturer of cooling systems and related equipment for the power generation and transmission industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-14 G&B Specialties

Berwick, Pennsylvania, United States

G&B manufactures a variety of track and signaling products, including electric switch components, switch machine layouts, electric locks, junction boxes and railgear equipment. Customers include railroads and original equipment manufacturers of track and signal infrastructure.

Buy -

Seller(S) 1

SELLER

Nancy Creek Capital Management

Atlanta, Georgia, United States

Investor Investor

website


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 138M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Nancy Creek Capital (NCP) is a provider of equity and mezzanine capital to small and medium-sized companies throughout the Southeast US. NCP focuses profitable businesses with experienced management teams. The Firm targets companies with $10 to $100 million in sales and at least $1 million in EBITDA. NCP looks to invest $1 to $5 million per transaction (up to $10 million with co-investors). Areas of interest include manufacturing, healthcare, distribution, services, and technology. In addition to funding businesses, NCP also provides financing for real estate opportunities, including commercial, industrial, office, single and multi-family residential projects. The Firm will not invest in startups or turnaround situations. Nancy Creek Capital is a unit of The Branch-Shelton Company LLC. The Firm was formed in 2005 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 5
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Florida) 1 of 1
Country (United States) 1 of 5
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-10 Pharos Marine Automatic Power

Houston, Texas, United States

Pharos Marine Automatic Power designs, manufactures, sells, and services marine navigational lighting and signaling with a worldwide installation base. The company’s products are installed in ports, harbors, lighthouses, offshore oil rigs, bridges, towers, buoys, and other structures where aircraft or marine navigation is a concern. Pharos Marine Automatic Power was founded in 1947 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-28 DTL Transportation

Sanford, Florida, United States

DTL Transportation is specialized in less-than-truckload shipments of time and temperature-sensitive cargo originating from or received via air or sea in Florida and shipped to the East, Midwest, and Southwest U.S. DTL Transportation is based in Sanford, Florida.

Buy -