News Note 4: October 14, 2019
Rescar Companies has a new look and new logo!
Rescar Companies has a new look and new logo!
News Note 3:
The sale of the company's six major railcar shops to Eagle Railcar Services has been completed/finalized and closed on 8/14/2019.
The sale of the company's six major railcar shops to Eagle Railcar Services has been completed/finalized and closed on 8/14/2019.
News Note 2:
Rescar to Expand Railcar Field Services Operations
Sale of Railcar Shop Assets to Eagle Railcar Services Set
DOWNERS GROVE, IL - July 3, 2019 (James Street Media Services) -- Rescar Companies will undertake a significant expansion of its railcar field services operations following the sale of the company's six major railcar shops to Eagle Railcar Services.
"With the sale of the plant assets," said Rescar CEO and President Joseph F. Schieszler, Jr., "we will be able to make significant investments in the services we provide to our customers. By improving delivery across the breadth of our service offerings, we will furnish uniquely effective solutions for our customers' needs."
Rescar is a premier railcar field services company, with the largest North American network offering railcar repair, cleaning, inspection, testing, maintenance, coating and lining inspection and repairs, and switching, as well as track inspection and maintenance. Through its field services network, Rescar operates a fleet of strategically located mobile truck-based crews that deliver mobile railcar repair services, dedicated customer Mini-Shops, switching operations, and Fast Track repair services.
Rescar's experienced teams of cross-trained and strategically located crews are positioned throughout North America to quickly reach cars when service is needed.
Pending completion of the sale of Rescar's shop assets to Eagle, the two companies are working collaboratively to minimize any disruptions for customers. As part of the purchase agreement, Eagle will retain all current Rescar shop employees.
There will be no immediate changes for Rescar Field Services, nor the AllTranstek operations, Rescar's wholly-owned subsidiary which will continue to provide its complete range of third-party services to rail customers without interruption.
"Our focus for 50 years has been to keep customer railcars moving," said Joseph F. Schieszler, Jr. "For Rescar's next half century we are building on our success through innovative additional services and strategic growth in North America," said Schieszler. "It's an exciting time for all of us."
The shop sale is expected to close by the first week of August. Financial terms of the transaction are not being disclosed.
ABOUT RESCAR
Rescar Companies (Rescar) is a privately held company that provides services to railcar owners and/or lessors. From more than 50 field and in-plant locations throughout North America, Rescar's services include mechanical repair, mobile & modular cleaning, in-plant switching, in-plant track repair & maintenance, and troubleshooting. Founded in 1969, Rescar grew from a single location with limited services to a North American railcar services company that also owns AllTranstek, North America's largest third-party, non-asset based provider of knowledge services to the rail sector. More information is available at www.rescar.com, and www.alltranstek.com.
MEDIA CONTACT
Bill Fahrenwald
James Street Associates
708-528-0681
Email: bill@jamesstreet.net
News Note 1:
Rescar Companies (Rescar) is in the process of selling its Plant Division (8/2019). However, Rescar is NOT selling its Field Services Division. In fact, Rescar intends to grow and build its Field Services Network. We have the largest North American network offering complete railcar repair, cleaning, inspection, testing, maintenance, coating and lining inspection and repair, switching, as well as transloading, and track inspection and maintenance. Through our Field Services network, we operate a fleet of strategically located truck-based crews that deliver mobile services, dedicated customer mini-shops and switching operations, as well as Fast Track repair services. Going forward we will expand services and increase visibility into our processes. Everyone at Rescar is dedicated to continuing the support of your strategic railcar field service needs.
Rescar Companies (Rescar) is in the process of selling its Plant Division (8/2019). However, Rescar is NOT selling its Field Services Division. In fact, Rescar intends to grow and build its Field Services Network. We have the largest North American network offering complete railcar repair, cleaning, inspection, testing, maintenance, coating and lining inspection and repair, switching, as well as transloading, and track inspection and maintenance. Through our Field Services network, we operate a fleet of strategically located truck-based crews that deliver mobile services, dedicated customer mini-shops and switching operations, as well as Fast Track repair services. Going forward we will expand services and increase visibility into our processes. Everyone at Rescar is dedicated to continuing the support of your strategic railcar field service needs.
