Tarantula Corporation Acquires Texas Central Railroad

Fortress Transportation and Infrastructure Investors (FTAI) Acquires Transtar, LLC from United States Steel

June 8, 2021

Transportation

Fortress Transportation and Infrastructure Investors LLC (FTAI) agreed to acquire United States Steel Corporation’s rail operating subsidiary, Transtar, LLC, for $640 million, with the transaction expected to close in Q3 2021 subject to regulatory approvals. FTAI and U.S. Steel will also enter a 15-year exclusive strategic rail services agreement (with minimum volume commitments for the first five years), providing FTAI with long-term contracted revenue and opportunities to grow third-party rail services and ancillary businesses.

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.

Race Rock Acquires Texas Corrugators – Austin Division

March 28, 2024

Manufacturing

Race Rock has acquired Texas Corrugators – Austin Division, LLC, expanding its Texas manufacturing footprint and product offerings for highway and construction markets. The deal supplements Race Rock's existing Texas operations and will enable the company to serve customers across the Dallas/Ft. Worth, Houston, and Austin/San Antonio regions.

Wenger Corporation Acquires Texas Scenic Company

October 27, 2025

Manufacturing

Wenger Corporation, a Minnesota-based manufacturer of performing-arts equipment, has acquired Texas Scenic Company, a San Antonio-based designer and manufacturer of theatrical stage systems. The acquisition expands Wenger's capabilities in stage systems, rigging, curtains, lighting and installation services to better serve schools, universities, performance venues and studios.

GATX and Brookfield Infrastructure Acquire Wells Fargo Rail Portfolios

January 1, 2026

Transportation

GATX Corporation and Brookfield Infrastructure Partners completed the acquisition of Wells Fargo's rail leasing portfolios on January 1, 2026. GATX and Brookfield purchased Wells Fargo's rail operating lease portfolio (~101,000 railcars) for about $4.2 billion via a joint venture, while Brookfield separately acquired Wells Fargo's rail finance lease portfolio (~22,000 railcars and ~400 locomotives); GATX will manage the railcars for the joint venture.

Great Western Trailer Acquires Southwest Trailer & Equipment, LLC

December 20, 2022

Trucking & Fleet

Great Western Trailer (GWT) has acquired Southwest Trailer & Equipment, LLC, adding the company's Oklahoma City and Tulsa facilities to GWT's dealership network. The acquisition expands GWT's footprint into the Southwest and will allow GWT to extend its finance, leasing and rental offerings and after-market services to the added locations.