Velocity Rail Solutions Partners with Wind Point for Growth Expansion
Deal News | Nov 25, 2024 | Wind Point Partners
Wind Point Partners, a Chicago-based private equity firm, has completed a corporate carveout of Velocity Rail Solutions, emphasizing growth through strategic acquisitions and organic expansion. Velocity, a provider of locomotive refueling, maintenance, and inspection services, operates at over 75 sites across 300 railyards in North America. The partnership aims to enhance Velocity's offerings, with a focus on safety and reliability, by leveraging Wind Point's resources and executive network. This move aligns with Wind Point's strategy of investing in logistics and maintenance services, further evidenced by their advisory board drawn from experienced rail industry professionals.
Sectors
- Private Equity
- Railroad Services
- Logistics and Maintenance Services
Geography
- North America – Velocity Rail Solutions operates across more than 300 railyards in this region.
- United States – Wind Point Partners is based in Chicago, Illinois, indicating a significant focus in the US market.
Industry
- Private Equity – The article discusses Wind Point Partners, a private equity firm, and its investment actions.
- Railroad Services – Velocity Rail Solutions provides locomotive refueling, maintenance, and inspection services, categorizing it within the railroad services industry.
- Logistics and Maintenance Services – Wind Point Partners' strategic investment area, which aligns with Velocity's service offerings.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wind Point Partners | Buying Company | Company | A Chicago-based private equity firm specializing in strategic investments. |
| Velocity Rail Solutions | Target Company | Company | Provider of mission-critical locomotive services to the rail industry. |
| Jeff Chesler | President of Velocity Rail Solutions | Person | Leads Velocity as it partners with Wind Point. |
| Jake Behringer | Vice President at Wind Point Partners | Person | Involved in overseeing the growth phase of Velocity. |
| Konrad Salaber | Managing Director at Wind Point Partners | Person | Oversees corporate carveouts and investments at Wind Point. |
| Paul Titterton | Board Member | Person | Executive VP and President of North American Rail at GATX Corporation, involved in Wind Point's advisory board. |
| Kirkland and Ellis LLP | Legal Advisor | Company | Provided legal counsel to Wind Point for the transaction. |
| KPMG LLP | Transaction Advisor | Company | Provided transaction advisory services for the deal. |