Cathcart Buys W.Va. Railcar Repair Firm

Cathcart Rail and its financial partner, Star America Infrastructure Partners, have acquired Appalachian Railcar Services, a railcar repair and maintenance company based in Eleanor, West Virginia.

ARS had been held by GenNx360 Capital Partners, a private equity firm investing in middle-market business services and industrial companies.

The company provides certified tank car and freight car repair in 10 locations located between Maryland and Nebraska.

It services include interior and exterior cleaning, coating, and lining services; mobile repair; on-site customer repair operations; switching operations; and railcar storage. It serves companies in the agriculture, chemicals, manufacturing, energy, food processing and logistics industries throughout the Midwest, Southeast and mid-Atlantic regions.

The combinaed ARS and Cathcart will employ 800 people across 60 locations in 22 states.

Cathcart, founded in 2015 by Thomas Cathcart and his son Casey, is a diversified freight rail platform operating across the services and transportation sectors.

Its holdings include Bucyrus Railcar Repair based in Bucyrus; and the 48-mile Belpre Industrial Parkersburg Railroad based in Marietta.

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