USA: Connecticut-based private investment firm Littlejohn & Co has acquired outsourced rail services company RailPros from Court Square Capital Partners.
RailPros is headquartered in Irving, Texas. It provides turnkey safety management, engineering, utility observation, permitting and project management services and well as technical and safety training to freight, passenger and urban rail operators across the USA and Mexico.
‘We are excited to partner with the RailPros team as they continue to build a leading rail, transportation and utility service platform’, said Littlejohn Managing Director Michael Kaplan on May 27. ‘RailPros is an industry pioneer, and its North American footprint, comprehensive service offering, and reputation for high quality service, positions it as a valued partner to their long tenured, blue-chip customer base. We look forward to helping RailPros grow organically and through strategic M&A.’
RailPros CEO Ken Koff said ‘we believe that Littlejohn’s deep resources and expertise in professional and infrastructure services make them the ideal partner for RailPros at this stage in the company’s evolution.’
Lincoln International and Piper Sandler & Co served as financial advisers to RailPros. Houlihan Lokey, Wells Fargo and Jefferies acted as financial advisers and Ropes & Gray as legal counsel to Littlejohn.
