LOS ANGELES (PRWEB) January 04, 2021
Shackleton Equity Partners announces the acquisition of Vossloh Signaling USA, Inc., a leading manufacturer of railroad automation technologies, switches and other products for the railroad industry. The acquisition is a corporate carve-out from parent company Vossloh AG (VOS). Vossloh Signaling will be managed by industry veterans David Ruskauff, President, and Chris Rabo, Vice President of Operations.
Vossloh Signaling designs and manufactures a variety of products and systems for both main line track and yard operations. The company’s customers include Industrial, Class 1, Transit and Short-line Railroads, predominantly in North America. The company sees significant opportunities to expand its Industrial customer base with additional resources through its partnership with Shackleton Equity Partners.
“We are excited to form this alliance with Shackleton Equity Partners. Through this partnership we are confident we can expand our service and offerings to our customers. We look forward to an exciting future and strong growth with both our suppliers and customers.” said Mr. Ruskauff, President of Apex.
As a standalone business, Vossloh Signaling USA, Inc. will continue with its investment in industry-leading automation technologies including its Modular Yard Automation (MYA) suite of products; Automatic Equipment Identification (AEI) railcar tracking to accurately track the location of railcars within their railyards; and industrial crossing warning systems for maximum safety and efficiency. These products are just a few of the solutions that enable Vossloh Signaling’s customers to maximize both operational efficiency and safety.
“Shackleton Equity Partners warmly welcomes Vossloh Signaling to our portfolio of companies.” said Mark Schelbert, Managing Partner of Shackleton Equity Partners. “We believe that through key strategic relationships as well as Shackleton Equity’s financial and operational expertise, Vossloh Signaling will be able to live up to its full potential as a preeminent supplier of engineered solutions to the rail industry.”
The terms of the transaction were not disclosed. Vossloh Signaling will continue doing business under a new name, Apex Rail Automation. More information can be found here https://www.apexrailautomation.com.
CoView Capital, a New York-based investment banking firm, represented Vossloh U.S. Holdings in this transaction.
About Shackleton Equity Partners (https://www.shackletonequity.com/)
Founded in 2008 and based in Los Angeles, CA, Shackleton Equity Partners specializes in corporate carve-outs and special situations. Shackleton looks at opportunities across all industries including software, technology, aerospace and defense, telecom, electronics, manufacturing, industrial, e-commerce and consumer industries. Given the unique combination of operating, finance, and investing experience, Shackleton is able to quickly manage the investment process including due diligence, industry analysis, and operations.
About Apex Rail Automation formerly Vossloh Signaling (https://www.apexrailautomation.com/)
Headquartered in Grass Valley, CA, Apex Rail Automation offers yard automation solutions, main line switches, yard switches, wayside electronics, dark territory switch control and other products. The company supplies products and systems primarily to North American freight railroads, particularly Class 1 railroads.