I Squared Capital-backed VLS Environmental completed the acquisition of Safety Railway Service.

I Squared Capital-backed VLS Environmental, a delivering innovative environmental solutions provider, completed the acquisition of Safety Railway Service, a full service railcar repair provider. Financial terms were not disclosed. "This is a tremendous opportunity for us to move from railcar cleaning and light repair work to extensive, full-service cleaning and repair services. This demonstrates our continued commitment to leading ESG practices. We are recognized as an industry leader in customized cleaning solutions, and we will apply those same sustainable practices and principles to our expanded Railcar Cleaning and Repair Services client base," John Magee, VLS CEO.