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New Deal


Announced

Completed

Bernhard Capital-backed RailWorks completed the acquisition of H&H Engineering Construction.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Majority

Domestic

Single Bidder

Acquisition

Completed

Friendly

Railroad Equipment

Private

rail maintenance

Private Equity

Synopsis

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Bernhard Capital-backed RailWorks, a North American specialty construction and maintenance rail contractor, completed the acquisition of H&H Engineering Construction, a rail maintenance and construction contractor for the Western United States providing services for transit, ports, freight railroads, and rail served industrial companies. Financial terms were not disclosed. "This is an exciting time for RailWorks. These complementary acquisitions represent a significant expansion of our offerings and the ways in which we can service our valued customers across the country. As we continue to grow our business and execute on a shared vision with our partners at Bernhard Capital, we see a number of exciting opportunities to further expand our offerings and continuously enhance the safe, high-quality services customers expect from RailWorks," Kevin Riddett, RailWorks President and CEO.

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