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RICHMOND, Va.–(BUSINESS WIRE)–Dec 15, 2020–
Harris Williams, a all-around beforehand coffer specializing in M&A advising services, announces it brash Appalachian Railcar Services, LLC (ARS), a portfolio aggregation of GenNx360 Capital Ally (GenNx360), on its auction to Cathcart Rail, LLC (Cathcart) and its banking partner, Star America Basement Partners, LLC (together with its accompanying persons, Star America). ARS is one of the better railcar adjustment companies in the U.S., accouterment a ambit of automated acumen casework including certified catchbasin and bales car repair; assorted autogenous and exoteric cleaning, blanket and lining services; adaptable repair; on-site chump adjustment operations; switching operations; and railcar storage. The transaction was led by Frank Mountcastle, Jeff Burkett and Trey Balson of the Harris Williams Busline & Acumen (T&L) Group.
“ARS CEO Scott Driggers and the blow of the administration aggregation accept developed the aggregation into an absorbing belvedere in the railcar adjustment casework sector,” said Jeff Burkett, a administrator at Harris Williams. “We accept ARS is one of the best trusted and reliable railcar account providers in the country, and we are aflame to see how the aggregation will beforehand in affiliation with Cathcart in the advancing years. The auction of ARS adds to our busline basement convenance and accurately our abuse casework experience.”
“ARS is accustomed aural the abuse industry as accouterment best-in-class casework to a assorted applicant base,” said Frank Mountcastle, a managing administrator at Harris Williams. “There is able broker absorption in high-quality assets like ARS, and we accept ARS has begin an accomplished accomplice in Cathcart. We attending advanced to watching the affiliation thrive.”
Scott Driggers, CEO at ARS, said, “Harris Williams’ ability advising abuse casework companies and their acquaintance with the client mural fabricated them the ideal accomplice for this transaction. We are beholden for their admonition and accept all parties enjoyed a amazing outcome.”
ARS is one of the better railcar adjustment companies in the U.S., accouterment a ambit of automated acumen casework including certified catchbasin and bales car repair; assorted autogenous and exoteric cleaning, blanket and lining services; adaptable repair; on-site chump adjustment operations; switching operations; and railcar storage. ARS serves abundant Fortune 500 companies beyond assorted industries, including agriculture, chemicals, manufacturing, energy, aliment processing and acumen throughout the Midwest, Southeast and mid-Atlantic regions. Founded in 2000 and headquartered in Eleanor, West Virginia, the aggregation operates beneath a administration aggregation with over 150 years of industry experience.
GenNx360 is a clandestine disinterestedness close focused on advance in average bazaar business casework and automated companies. GenNx360 ally with companies accepting accurate and acceptable business models in accretion industries, with the cold of implementing and acknowledging value-enhancing amoebic and asleep initiatives to advance growth, bear efficiencies and accomplish able banking returns. Target industries accommodate packaging; automated accouterment and components; acumen and accumulation alternation solutions; automated and ecology services; aliment and agronomical articles and services; basement accessories and services; specialty chemicals; and aerospace and defense. GenNx360 was founded in 2006 and is headquartered in New York City.
Cathcart is a adapted bales abuse belvedere operating beyond both the casework and busline sectors. Cathcart is currently in advance approach and actively gluttonous automated partnerships with short-line railroads and acquisitions of abuse and rail-related businesses. Cathcart was founded in 2015 by the ancestor and son aggregation of Thomas Cathcart and Casey Cathcart and now employs about 800 bodies beyond 60 locations in 22 states.
Star America, a accessory of Tikehau Capital, a European listed another asset administration and beforehand accumulation with €27.2 billion of assets beneath administration (as at 30 September 2020) and actor disinterestedness of €2.8 billion (as at 30 June 2020), is a U.S. headquartered developer and administrator of basement assets in North America. With an broker abject that includes ample institutional investors such as allowance companies and alimony funds, amid others, Star America focuses on carrying basement projects primarily beyond the transportation, social, ecology and telecommunications sectors. Star America’s mission is to become the adopted accomplice in rebuilding America’s infrastructure.
Harris Williams, an beforehand coffer specializing in M&A advising services, advocates for sellers and buyers of companies common through analytical milestones and provides anxious admonition during the lives of their businesses. By accommodating as one close beyond Industry Groups and geographies, the close helps its audience accomplish outcomes that abutment their objectives and strategically actualize value. Harris Williams is committed to beheading arete and to architecture enduring, admired relationships that are based on alternate trust. Harris Williams is a accessory of the PNC Banking Casework Group, Inc. (NYSE: PNC).
The Harris Williams T&L Accumulation serves companies in a ample ambit of adorable niches, including automotive and abundant assignment vehicle, busline equipment, third-party acumen (3PL), and truck, rail, abyssal and air transportation. For added advice on the firm’s T&L Accumulation and added contempo transactions, appointment the T&L Group’s area of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and affiliate of FINRA and SIPC. Harris Williams & Co. Ltd is a clandestine bound aggregation congenital beneath English law with its registered appointment at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration cardinal 07078852). Harris Williams & Co. Ltd is accustomed and adapted by the Banking Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the bartering annals of the bounded cloister of Frankfurt am Main, Germany, beneath HRB 107540. The registered abode is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: [email protected] ). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a barter name beneath which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.
View antecedent adaptation on businesswire.com:https://www.businesswire.com/news/home/20201215005866/en/
For media inquiries, amuse acquaintance Julia Moore [email protected]
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: LEGAL OTHER TRANSPORT RAIL FINANCE CONSULTING TRANSPORT BANKING PROFESSIONAL SERVICES LOGISTICS/SUPPLY CHAIN MANAGEMENT
SOURCE: Harris Williams LLC
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PUB: 12/15/2020 11:10 AM/DISC: 12/15/2020 11:11 AM
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