PITTSBURGH--(BUSINESS WIRE)--A. Stucki Company (“Stucki”), a leading supplier of highly engineered parts and services for the rail industry, and a portfolio company of Stellex Capital Management (“Stellex”), announced today it has completed the sale of Velocity Rail Solutions (“Velocity”). Financial terms of the transaction were not disclosed.
Headquartered in Draper, Utah with 75 sites across the United States, Velocity specializes in providing mission-critical mobile fueling services to locomotives and other railroad equipment as well as complementary locomotive services. Under Stucki’s ownership, Velocity has expanded its offerings and grown significantly while delivering operational consistency, a reflection of Stucki’s core focus on serving its customers.
"At Stucki, our goal has always been to drive innovation and deliver unmatched value to our customers," said Ron Port, CEO of Stucki. "The sale of Velocity is a pivotal step in our journey to integrate our business, focusing our resources and expertise on the strength of our consolidated portfolio to better serve our customers. By unifying our brands, we will create a stronger, consistent experience, delivering solutions that resonate with all customer segments. We could not be more excited for what the future holds at Stucki.”
Mr. Port continued, “We would like to thank and recognize the Velocity team for their contribution to the organization and we look forward to watching their continued growth under new ownership.”
RBC Capital Markets, LLC served as financial advisor and Greenberg Traurig served as legal advisor to Stucki in connection with the transaction.
About A. Stucki Company
A. Stucki Company (https://stucki.com/) has broad rail product and service offerings including dynamic control products, brake system components, locomotive components, and track infrastructure products. Founded in 1911, Stucki has grown and diversified over the years to supply dynamic control products, brake system components, springs, bearings and track infrastructure and other products, as well as remanufacturing, repair, and additional services. Headquartered in Pittsburgh, the company operates facilities throughout the United States, Mexico, and Brazil. Stucki is a portfolio company of Stellex Capital Management.
About Stellex Capital Management
With offices in New York, Detroit, Pittsburgh, and London, Stellex Capital is a private equity firm with over $2.8 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused and hands-on approach to investing. Portfolio companies are supported by Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insights, and access to capital. Sectors of particular focus include manufacturing, aerospace, defense & government services, transportation & logistics, real economy & business services, industrial technology, food processing and tech-enabled services. Additional information may be found at www.stellexcapital.com.
