FORT
WORTH, Texas, June 20,
2024 /CNW/ -- North American Rail Solutions
(NARS), North America's largest
provider of railroad design, construction, maintenance, and
operating services, is proud to announce the acquisition of Tri
Innovations Consulting Ltd. in Calgary,
Alberta.
This acquisition positions North American
Rail Solutions as one of the only major rail maintenance and
construction providers in North
America to offer a full suite of truly in-house services,
from design-build to maintenance and operations
Tri Innovations is a leading provider of Engineering,
Procurement, and Construction (EPC) services, encompassing
feasibility studies, detailed design and engineering services,
supply chain management, project management, construction and
fabrication management, commissioning, and operations support. Tri
Innovations is a full-discipline engineering company focused on
energy, transportation, agriculture, and renewable spaces with
comprehensive expertise in facilities and terminals, industrial
transportation, and materials handling. For more information,
visit www.triinnovations.ca.
Thomas Lucario, CEO of North
American Rail Solutions, stated: "The addition of Tri Innovations
to the North American Rail Solutions family of companies adds
incredible capabilities to our portfolio. This positions North
American Rail Solutions as one of the only major rail maintenance
and construction providers in North
America to offer a full suite of truly in-house services,
from design-build to maintenance and operations. The Tri
Innovations team is a perfect fit for our culture of providing
innovative solutions to customer problems and will integrate well
with our other operations across the
United States and Canada."
Kurt Findlay, CEO of Tri
Innovations, added: "We are thrilled to join North American Rail
Solutions. Our shared commitment to customer-centric solutions and
innovation will strengthen our ability to deliver unparalleled
value to our clients. We are eager to collaborate with NARS to
expand our reach and enhance the services we offer and deliver
exceptional value."
North American Rail Solutions
In 2021, DFW Capital
Partners partnered with the management team of American Track
through acquisition and established the parent company, North
American Rail Solutions. Operating from 25 full-service offices
strategically located in the U.S. and Canada, North American Rail Solutions provides
mission-critical services to its customers that ensure the safety,
compliance, and operability of onsite railway assets. North
American Rail Solutions serves a wide range of industries,
including manufacturing, petrochemical, mining, agricultural
products, food and beverage, basic raw materials, ports, transload
facilities, transit, Class 1 and short-line railroads.
www.NorthAmericanRailSolutions.com.
DFW Capital Partners
DFW Capital Partners is a private
equity investment firm focused on lower middle-market companies.
With ~$2 billion under management,
the firm concentrates on service companies, with an emphasis on
outsourced business and industrial support services, and healthcare
companies. DFW has established a 20+ year track record of success
in building leading companies and recognizing attractive returns
for its investors. DFW is headquartered in New York, NY and maintains an office in
Chevy Chase, MD. Additional
information is available on DFW's website at
www.DFWCapital.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/north-american-rail-solutions-acquires-tri-innovations-consulting-ltd-in-calgary-alberta-302178161.html
SOURCE North American Rail Solutions