Tracked deals
9
9 tracked deals across 2020-2026.
Operating Company
Transportation & Logistics
American Track
Fort Worth, Texas, United States
Turnkey rail solutions provider offering railroad design/engineering, maintenance, construction, repair, inspection, and terminal services across the U.S., serving industrial and rail infrastructure customers.
- Focus Areas
- Rail maintenance & repair, Rail construction & track work, Railroad engineering & inspection
- Website
- americantrack.com
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Addon
9 addon
American Track Acquisition Volume by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
May 13, 2026
- Buyer
- North American Rail Solutions, American Track
- Target
- Queen City Railroad Construction (QCRC)
- Seller
- Queen City Railroad Construction (QCRC) management (Mark Edmands continues as President), QCRC President Mark Edmands (continues post-sale)
- Industry
- Transportation
- Location
- Tennessee, United States
- Type
- Addon
North American Rail Solutions, through its subsidiary American Track, acquired Queen City Railroad Construction (QCRC). QCRC, based in Knoxville, Tennessee, provides rail maintenance and construction services and will be integrated into American Track’s rail construction group to expand capabilities and geographic reach.
-
September 4, 2025
- Buyer
- North American Rail Solutions, DFW Capital Partners
- Target
- ZA Construction
- Industry
- Transportation
- Location
- Mississippi, United States
- Type
- Addon
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.
-
- Buyer
- North American Rail Solutions, American Track, DFW Capital Partners
- Target
- Rapid Track
- Seller
- Rapid Track, Shannon Shockley, Brandi Shockley
- Industry
- Transportation
- Location
- Georgia, United States
- Type
- Addon
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.
-
- Buyer
- North American Rail Solutions, Universal Rail Systems, DFW Capital Partners
- Target
- Condor Signal & Communications
- Seller
- Maggie DiPede-Sullivan
- Industry
- Infrastructure
- Location
- Ontario, Canada
- Type
- Addon
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.
-
- Buyer
- North American Rail Solutions, American Track, Universal Rail Systems, DFW Capital Partners
- Target
- West Rail Construction, LLC, Strategic Rail, LLC, Tri Innovations Consulting Ltd., Condor Signals & Communications
- Seller
- Mike Sands, Dianna Gustafson, Travis Gustafson
- Industry
- Transportation
- Location
- Washington, United States
- Type
- Addon
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.
-
April 17, 2023
- Buyer
- American Track Services, DFW Capital Partners
- Target
- Universal Rail Systems
- Seller
- TorQuest Partners (investor group led by TorQuest)
- Industry
- Transportation
- Location
- Alberta, Canada
- Type
- Addon
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.
-
April 13, 2022
- Buyer
- American Track, DFW Capital Partners (affiliate investor)
- Target
- The Railroad Associates Corp (TRAC)
- Seller
- Kennedy Family (owners of TRAC)
- Industry
- Transportation
- Location
- Pennsylvania, United States
- Type
- Addon
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.
-
February 8, 2021
- Buyer
- American Track, Hilltop Private Capital LLC
- Target
- Dirtworks Rail of the Carolinas (HGNS Inc)
- Seller
- Mark Snyder
- Industry
- Transportation
- Location
- North Carolina, United States
- Type
- Addon
Fort Worth-based American Track, a portfolio company of Hilltop Private Capital, has acquired Dirtworks Rail of the Carolinas (HGNS Inc), a Lexington, North Carolina-based rail construction and maintenance contractor. The asset purchase expands American Track's footprint and capabilities in the Southeastern United States as part of its ongoing build-out through add-on acquisitions.
-
April 22, 2020
- Buyer
- American Track Services, Hilltop Private Capital, PNC Mezzanine Capital, Deerpath Capital Management
- Target
- Savage Track Services (track inspection, maintenance and repair operations of Savage Industrial Rail Services / Savage Transportation Management)
- Seller
- Savage Enterprises, LLC, Savage Transportation Management
- Industry
- Industrial Services
- Location
- Utah, United States
- Type
- Addon
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.
Related Acquisition Pages
Transportation Buyers & Acquisitions
7 tracked deals by American Track.
Industrial Services Buyers & Acquisitions
1 tracked deal by American Track.
Infrastructure Buyers & Acquisitions
1 tracked deal by American Track.
Acquisitions in Georgia
1 tracked deal by American Track.
Acquisitions in Mississippi
1 tracked deal by American Track.
Acquisitions in North Carolina
1 tracked deal by American Track.
Acquisitions in Pennsylvania
1 tracked deal by American Track.
Selling a company? Get in front of buyers like American Track
Turn tracked acquisition activity into an outreach-ready buyer list.