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

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.

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

April 17, 2023

Transportation

American Track Services (a portfolio company of DFW Capital Partners) has acquired Universal Rail Systems, Canada’s largest provider of rail infrastructure inspection, maintenance, repair and construction. The deal creates a new parent, North American Rail Solutions, combining ATS' U.S. footprint with URS' Canadian operations to create a continent-wide rail services platform; URS was sold by an investor group led by TorQuest Partners.

North American Rail Solutions Acquires Condor Signal & Communications

April 9, 2024

Infrastructure

North American Rail Solutions, through its Canadian subsidiary Universal Rail Systems, has acquired Condor Signal & Communications, a rail signals and communications provider based in Oakville, Ontario. The deal brings Condor into Universal Rail's Signals group as an add-on to expand signals & communications capabilities and product offerings across Canada and into the United States; Condor will retain its Oakville offices and continue manufacturing rail switch heaters and related products.

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.

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.

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.