Downers Grove, Ill.-based AllTranstek LLC has acquired the assets of Darien, Ill.-based RAS Data Services (RAS), following its identification last month as the prevailing auction bidder.
AllTranstek, in a Jan. 16 announcement, said the acquisition strengthens its position as a non-leasing railcar management and consulting company.
RAS, founded in 2002, provided railcar management services for shippers, operating lessors, utilities, and short line railroads; the largest percentages of cars were covered hoppers and tank cars.
AlTranstek now manages more than 500,000 railcars across North America and provides comprehensive technical and operational support to the rail equipment supply chain, it said. The company’s services include railcar fleet management, field inspections, engineering, regulatory compliance support through StencilWatch® and ShopWatch®, non-destructive testing (NDT), and professional training programs.
In December, AllTranstek reported that its proximity to the RAS office, overlapping service offerings, and familiarity with RAS software will “allow for a smooth integration.” It noted that it “intends to retain key RAS personnel and work closely with clients and suppliers throughout the transition.”
“Our priority is a smooth, professional transition with minimal disruptions to our customer’s operations,” AllTranstek President Jeff Wilson said Jan. 16. “We are uniquely positioned to not only stabilize but enhance RAS operations while preserving the experienced personnel and service continuity on which our customers rely.”
“AllTranstek is committed to delivering a professional, predictable, and transparent transition,” said Steve Bourque, CEO of RAILTRAC Holdings Inc., parent company of AllTranstek, Bourque Logistics LLC, and TRANSPay Services LLC. “Our customers can expect enhanced resources, long-term stability, and a higher standard of operational support moving forward.”
AllTranstek’s asset-management suite, combined with the rail logistics capabilities and shipment, yard, and freight execution of Bourque, is said to “allow real-time asset visibility and maintenance controls, driving higher railcar utilization, fewer billing disputes and faster, more accurate settlement.”
