Rail components and services provider A. Stucki Company (Stucki) on Oct. 2 reported acquiring Wheelworx, a railcar wheelset reconditioning services supplier. Terms of the transaction were not disclosed.
Wheelworx has 105 employees at manufacturing facilities in Calera, Ala., and Pekin, Ill.
Moon Township, Pa.-based Stucki said it is building an integration plan “to maintain production capabilities and customer service while creating opportunities for employees across both organizations during the ownership transition.”
Stucki, which provides engineered products, reconditioning and repair services, and maintenance of way services, now operates more than a dozen companies, with 23 operating centers in the United States, Mexico, and Brazil. Since 2022, it has been owned by a group of investors led by Stellex Capital Management.
“This acquisition strengthens our capabilities in wheel set production, repair, and logistics and enables us to capitalize on our longstanding relationships with railcar suppliers,” said Ron Port, who became Stucki CEO in 2024. Additionally, it “opens new commercial opportunities and enhances our ability to provide end-to-end solutions to our railcar customers,” Port noted. “It also makes us competitive in additional locations in the South and Midwest.”
“Joining an industry leader like Stucki will benefit our company and our employees,” Wheelworx President Gary Schoenfeldt said. “We’re looking forward to serving our rail customers with greater capabilities and a broader line of products and services.”
Stucki in late 2024 completed the sale of Velocity Rail Solutions to private equity firm Wind Point Partners.
