Bernhard Capital Partners Management, LP (Bernhard Capital), a services and infrastructure-focused private equity management firm, has completed the acquisition of RailWorks Corp (RailWorks or the Company), a North American rail infrastructure solutions provider, from Wind Point Partners, a Chicago-based private equity firm.
“We are excited about the opportunities ahead with RailWorks and look forward to supporting the Company’s best-in-class rail infrastructure solutions,” says Jim Bernhard, a partner at Bernhard Capital. “Our investment in RailWorks is an exciting opportunity for us to partner with the leading provider of maintenance and construction services in the rail space, and comes at a critical time given the recent passing of the Infrastructure Investment and Jobs bill.”
Kevin Riddett, RailWorks’ President and CEO says: “We are pleased that the transaction has closed. As a well-respected industry leader for specialty construction and maintenance services, we are excited to continue our growth. We will support the expanding rail infrastructure needs of North America and believe Bernhard Capital’s expertise will make valuable contributions to our efforts.”
Kevin Riddett continues to serve as RailWorks’ President and CEO, and the Company’s executive team remains unchanged.
JP Morgan and Bank of Montreal served as financing partners in this transaction. Kirkland & Ellis LLP served as legal counsel and Houlihan Lokey provided financial due diligence support to Bernhard Capital.
