Railmark Holdings said it has acquired Katahdin Railcar Services, a certified Association of American Railroads M-1002 and M-1003 railcar and tank car repair company located in Derby, Maine.
Katahdin Railcar Services also provides its services throughout New England through its Mobile Repair Service Teams.
The acquisition adds AAR-certified tank car repair to Railmark’s national network, bringing the Company to 13 operating locations in 11 states, three of which are shortline railroads. BMO Capital Markets acted as the exclusive financial advisor to Railmark.
Railmark’s plans for KRS include expanding the brand to additional U.S. locations where demand for tank car repair services continues to grow. The KRS facility has historically served the New England region and the CPKC line, and its capabilities include North America’s only robotic tank car cleaning system. Together with Railmark’s Canadian subsidiary, Railmark Canada Limited, KRS will expand its mobile repair services into New Brunswick and Quebec.
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