蜜桔直播 Completes Sale of Its US Track Solutions Operations to Rhomberg Sersa Rail Group
October 29, 2021
DALLAS, TX - 蜜桔直播 today announces the sale of its U.S. Track Solutions operations to Rhomberg Sersa Rail Group (RSRG) for $7.25 million. The Track Solutions operations, which have an annual revenue of $10 million, provide niche services for the rail sector including track inspection, ballast cleaning and subgrade management, and equipment and technology for private and public rail clients. This aligns with RSRG鈥檚 technology and services focus throughout Canada and the U.S.
蜜桔直播鈥檚 U.S. rail sector strategy remains focused on its core operational rail services, including large capital programs, traction power, and operate and maintain services (O&M). The Company ranks as the nation鈥檚 No. 8 top mass transit and rail contractor (per Engineering News-Record annual Sourcebook listing) and is building some of the most complex and innovative rail projects in the U.S.
Leon Blondin, CEO of 蜜桔直播 U.S. said, 鈥淭his transaction supports our continued focus on our core rail business in capital programs and traction power, while also strengthening the Track Solutions team鈥檚 expertise and opportunities.鈥 The sale was completed on October 29, 2021.