Business

Railserve buys assets of Ameritrack

Railserve has purchased the assets of Wichita-based Ameritrack Railroad Contractors and Ameritrack West, providers of railroad track construction and maintenance services in the Midwest.

The new owners took over the Wichita company on Saturday, said Tim Benjamin, Railserve's vice president for finance.

Ameritrack's 16 Wichita employees have already relocated to the Union Tank Car service center in El Dorado, Benjamin said.

The company is now known as Ameritrack Rail, a division of Atlanta-based Railserve. Ameritrack's former owners — Ralph and Mike Jackson, and Harris and Mike Eldridge — will continue to help manage the business, with Mike Eldridge serving as general manager.

"Ameritrack enjoys a wonderful reputation with its customers and is an ideal fit with our business," Benjamin said.

"This acquisition will expand the range of services and expertise we can offer, while allowing Ameritrack to extend its geographic range from the Midwest to strategic locations throughout North America."

Railserve is a Marmon Group/Berkshire Hathaway company. It is considered a leading provider of in-plant railcar switching services in North America.

The company employs more than 800 workers at customer sites and also furnishes switching locomotives and related equipment.

  Comments