Announced
Completed
Synopsis
Wind Point Partners, a private equity firm, completed the acquisition of Velocity Rail Solutions, a provider of mission-critical locomotive services to the rail industry, from A. Stucki, a supplier of highly engineered parts and services for the rail industry, and Stellex, a a private equity firm. Financial terms were not disclosed. “This exciting new partnership with Wind Point offers Velocity access to a comprehensive executive network and additional resources that will significantly enhance our ability to grow and better support our customers. The critical nature of our existing services necessitates an unwavering focus on providing value, safety and reliability to our customers, and we look forward to adding compatible services to our portfolio. The entire Velocity team is very excited as we embark on this next chapter of our journey,” Jeff Chesler, Velocity Rail Solutions President.
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