American Track Services Acquires Universal Rail Systems; Forms North American Rail Solutions

North American Rail Solutions (American Track) Completes Multiple Add-on Acquisitions Including West Rail Construction, Strategic Rail, Tri Innovations and Condor Signals

March 4, 2024

Transportation

DFW Capital Partners-backed North American Rail Solutions (NARS), through its subsidiaries American Track and Universal Rail Systems, completed a series of add-on acquisitions to expand geographic coverage and service capabilities across the U.S. and Canada. Targets include West Rail Construction (Vancouver, WA), Strategic Rail (Tomahawk, WI), Tri Innovations Consulting Ltd. (Calgary, AB) and Condor Signals & Communications (Ontario) to broaden NARS' rail maintenance, construction, engineering and signals/communications offering.

American Track Services Acquires Savage Track Inspection, Maintenance and Repair Operations

April 22, 2020

Industrial Services

American Track Services, a Hilltop Private Capital portfolio company, acquired the track inspection, maintenance and repair operations of Savage Industrial Rail Services (Savage Track Services). The add-on expands ATS's geographic footprint and capabilities with locations in Colorado and Utah (and operations across Louisiana, Wyoming and Colorado), broadening service coverage for mines, refineries, manufacturing sites and other industrial customers.

North American Rail Solutions / American Track Acquires Rapid Track

June 26, 2025

Transportation

North American Rail Solutions, through its subsidiary American Track, has acquired Rapid Track, a Tyrone, Georgia-based rail maintenance and construction services provider. The deal expands American Track's footprint in the Southeast U.S.; Rapid Track's owners Shannon and Brandi Shockley will transition following the sale.

North American Rail Solutions Combines with ZA Construction

September 4, 2025

Transportation

North American Rail Solutions (a portfolio company of DFW Capital Partners) has completed a strategic combination with ZA Construction, a Brandon, Mississippi–based outsourced rail support services provider. The deal brings ZA's rail maintenance, construction and support capabilities into the NARS platform to expand geographic reach, shared services and growth for the combined rail services business.

Student Transportation of America Acquires Universal Transportation Systems

October 7, 2025

Transportation

Student Transportation of America (STA) has acquired Universal Transportation Systems (UTS), a leading independent student transportation provider in Ohio. Northborne Partners served as exclusive financial advisor to UTS; financial terms were not disclosed. UTS operates more than 350 buses and vans and employs over 350 staff across terminals in the Cincinnati and Columbus metropolitan areas.

American Track Acquires The Railroad Associates Corp (TRAC)

April 13, 2022

Transportation

American Track, a Fort Worth-based rail infrastructure services platform backed by DFW Capital Partners, has acquired The Railroad Associates Corp (TRAC) of Boiling Springs, Pennsylvania. The add-on expands American Track's service capabilities, customer base and national reach — strengthening its maintenance presence in the Northeast.