Deal Details
RailWorks Sold to Bernhard
Summary
RailWorks Corporation (“RailWorks” or the “Company”), a portfolio company of Wind Point Partners (“Wind Point” or “WPP”), recently announced its sale to Bernhard Capital Partners (“Bernhard”). Terms of the transaction were not disclosed.
Baird served as the lead financial advisor to RailWorks Corporation on this transaction.
About
Founded in 1904 RailWorks is a leading provider of critical maintenance and specialized construction services and products to the rail infrastructure sector. The Company builds and maintains rail transportation infrastructure that keeps people and goods moving across the United States and Canada. RailWorks serves a broad range of customers including Class I, II and short line railroads, transit authorities, commuter railroads, municipalities, and industrial, manufacturing and power plant facilities. RailWorks is headquartered in New York, New York and has approximately 3,850 employees located at more than 50 offices throughout the United States and Canada.Wind Point Partners is a private equity investment firm with approximately $4 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. WPP targets investments in the consumer products, industrial products, and business services sectors. Wind Point is currently investing out of Wind Point Partners IX, a $1.5 billion fund that was initiated in 2019. WPP is headquartered in Chicago, Illinois.
Bernhard Capital Partners is a services and infrastructure-focused private equity management firm established in 2013. Bernhard has deployed capital in three funds across five different strategies and has approximately $2.5 billion of gross assets under management. Bernhard seeks to create sustainable value by leveraging its experience in acquiring, operating, and growing services and infrastructure businesses. Bernhard Capital Partners is headquartered in Baton Rouge, Louisiana.
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- Date
- November 2021
- Company
- RailWorks Corporation
- Transaction
- M&A - Sellside
- Sectors
-
Technology & Services
Industrial - Verticals
-
Machinery & Equipment
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
- Acquiror Geography
- North America
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