ARC Industries, Inc. Acquires Kelly-Hill Company
February 28, 2020
ARC Industries, Inc., a Charlotte-based family office, has acquired the stock and real estate of Kelly-Hill Company, a Kansas City rail maintenance and construction contractor. The seller, long-time owner Neal Houser, is retiring and will phase out responsibilities over 12 months while the company's general manager became president and a significant shareholder. Kelly-Hill operates with about 40 employees and generates roughly $12–15 million in annual revenue.
- Buyers
- ARC Industries, Inc.
- Targets
- Kelly-Hill Company
- Sellers
- Neal Houser
- Industry
- Transportation
- Location
- Missouri, United States
- Transaction Type
- Buyout
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