Littlejohn Acquires RailPros From Court Square Capital Partners
Headquartered in Irving, Texas, RailPros is a leading provider of outsourced safety management, design and engineering, inspection, site and program management, utility observation, real estate permitting, and training services to rail operators, utilities, state DOTs and contractors working near rail infrastructure. RailPros manages projects and serves clients in all 50 states and Mexico.
“We are proud to have partnered with Ken and the rest of the management team to help the Company exceed its growth goals,” said Court Square Co-Founder and Managing Partner Joseph Silvestri.
“Throughout our ownership period, RailPros was able to drive exceptional growth through a combination of customer wins and service offering expansion,” added Vivek Vyas, Partner at Court Square. “We believe the Company is well positioned for continued success.”
“We have greatly enjoyed the partnership with Court Square and their support in executing our strategic goals,” said RailPros CEO Kendall Koff. “Over the past five years with Court Square we have fortified the foundation of RailPros while expanding across North America. Through this, RailPros has continued to deliver an excellent service experience to our clients, and we are excited to be ushering in the next phase of growth for RailPros together with the Littlejohn team.”
“We are excited to partner with the RailPros team as they continue to build a leading rail, transportation and utility service platform,” said Michael Kaplan, Managing Director at Littlejohn. “RailPros is an industry pioneer, and its North American footprint, comprehensive service offering, and reputation for high quality service, positions it as a valued partner to their long tenured, blue-chip customer base. We look forward to helping RailPros grow organically and through strategic M&A.”
“We believe that Littlejohn’s deep resources and expertise in professional and infrastructure services make them the ideal partner for RailPros at this stage in the Company’s evolution,” added Koff. “Littlejohn understands and shares our vision, and we look forward to working with their robust portfolio support resources to accelerate our growth while continuing to provide outstanding service for our clients.”
Lincoln International and Piper Sandler & Co. served as financial advisors to RailPros on the transaction. Houlihan Lokey Inc., Wells Fargo, and Jefferies LLC acted as financial advisors and Ropes & Gray LLP acted as legal counsel to Littlejohn in connection with the acquisition. Dechert LLP served as legal counsel to Court Square on the transaction.
