LongWater, an alternative asset management firm focused on the lower middle market, has formed Cypress Rail Solutions (Cypress), a new railcar services company, in partnership with longtime industry executives Randy Meyer and Brian Trammell.
Cypress has made its first acquisition – certain railcar maintenance assets of Northern Plains Rail Services (Northern Plains), a diversified provider of rail services – and is planing to build a significant railcar services platform through additional expansion and investment.
The railcar maintenance assets acquired include locations in North Dakota and Minnesota.
