Eagle Railcar Services Acquired by EQT, Aiming for Expansion
Deal News | Apr 01, 2025 | PR Newswire Cision EQT
EQT, a prominent private equity firm, announced its acquisition of Eagle Railcar Services, a leading railcar repair and maintenance provider in North America. Eagle Railcar, founded by Marc and Joe Walraven, operates 13 strategically located facilities in the U.S. and has grown to employ approximately 1,500 people. The acquisition is part of EQT's strategy to leverage industry expertise and invest in transportation and logistics assets to unlock value creation. The transaction, expected to close in Q2 2025, is subject to customary conditions and approvals. EQT plans to work closely with Eagle's management team to solidify its market position and foster long-term growth through operational excellence, automation, and geographic expansion. This move is underpinned by industry tailwinds such as tightening rail safety regulations, increased industrial production, and growing reliance on railborne transportation.
Sectors
- Transportation and Logistics
- Private Equity
- Industrial Services
Geography
- United States – Eagle Railcar Services operates 13 facilities across the United States and provides services to various industrial sectors.
- Sweden – EQT, the acquiring firm, is headquartered in Stockholm, Sweden.
Industry
- Transportation and Logistics – The industry pertains to the logistics and transportation of goods, which is relevant as Eagle Railcar Services operates within this sector with its railcar maintenance services.
- Private Equity – This sector involves investment in private companies. EQT, a private equity firm, is acquiring Eagle Railcar Services.
- Industrial Services – This includes companies that provide repair, maintenance, or operational services to industrial sectors. Eagle Railcar Services offers maintenance services to railcars.
Financials
- 45-50 percent – The expected percentage of EQT Infrastructure VI fund's investment after including closed and/or signed investments (including the acquisition of Eagle Railcar).
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eagle Railcar Services | Target Company | Company | A leading independent provider of regulatorily mandated railcar repair and maintenance services in North America. |
| EQT | Bidding Company | Company | A private equity firm acquiring Eagle Railcar Services through its EQT Infrastructure VI fund. |
| JM Texas Companies | Selling Company | Company | The source mentions that JM Texas Companies is the entity from which EQT is acquiring Eagle Railcar Services. |
| Marc Walraven | Partner and CEO | Person | Co-founder and CEO of Eagle Railcar Services, partnering with EQT for the company's next phase of growth. |
| Paul, Weiss, Rifkind, Wharton & Garrison LLP | Legal Advisor | Company | Provided legal advice to EQT for the acquisition. |