Rail Partners Affiliate Completes Acquisition
Rail Partners Management Group, LLC (“Rail Partners”) announced today that a managed affiliate of the company has completed the acquisition of the assets and operations of Tactical Cleaning Company (“Tactical”) from Golden, Colorado-based Strategic Environmental & Energy Resources (“SEER”). Rail Partners will retain the “Tactical Cleaning Company” brand name as part of this acquisition, and all Tactical operational personnel will remain with the company.
Financing for this transaction was provided by Seneca Partners and Uniprop.
With current locations in Denver, Colorado; El Dorado, Kansas; Danville, Illinois; Baltimore, Maryland; and Jersey Shore, Pennsylvania, Tactical offers both dedicated fixed base and mobile rail car cleaning services, utilizing state-of-the-art cleaning equipment and methodologies, to large and small rail car customers throughout North America.
“The Rail Partners team, in partnership with Seneca Partners and Uniprop, are very pleased that we were able to complete this transaction for Tactical”, said Tim Eklund, a Managing Partner with Rail Partners. “Tactical and the Tactical team is a key piece of Rail Partners larger rail services platform strategy. We see tremendous opportunities to expand our relationships with existing Tactical customers and to develop new partnerships with rail car fleet owners throughout North America, both at our current locations, and at new Tactical locations on other rail-related acquisitions and investments we are pursuing.”
“It was a pleasure to work with Rail Partners on what we expect will be the first of several rail industry focused transactions”, said Mike Skaff, Managing Director of Seneca. “Seneca is also pleased to expand its longstanding relationship with Uniprop and looks forward to growing Tactical at its existing fixed base locations and expanding its mobile presence.”
About Rail Partners Management Group, LLC: Founded by rail industry executives Tim Eklund, Craig Bargowski and Kevin Goins, Rail Partners is a rail transportation investment, management and development company that acquires and invests across three primary rail industry segments: shortline / regional / industrial rail operations; rail-served transload / terminal / logistics operations and rail equipment assets and services, and builds both operational and commercial synergies across these platform segments. Rail Partners has offices in Denver, Chicago and Springfield, Missouri.
About Seneca Partners: Seneca Partners is a middle market focused investment banking and private investing firm. Seneca’s transaction and investing experience includes most industry sectors, with particular expertise in business services, manufacturing and healthcare. Seneca has offices in Birmingham, MI and Atlanta, GA.
About Uniprop: Uniprop is a Birmingham, MI based family investment firm that focuses on real estate development and middle market private equity investments.
