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9/30/2021
Bernhard Capital Partners Management LP, a services and infrastructure-focused private equity management firm, today announced that it has reached an agreement to acquire RailWorks Corp. from Wind Point Partners, a Chicago-based private equity firm.
The transaction is expected to close in fourth-quarter 2021, subject to customary closing conditions and regulatory approvals. Financial terms were not disclosed.
Following the transaction, Kevin Riddett will continue to serve as RailWorks’ president and chief executive officer, and the company’s executive team will remain unchanged.
"RailWorks has enjoyed unprecedented growth over the last decade, and we are excited to see that continue with Bernhard Capital’s ownership and expertise," Riddett said in a press release. "For RailWorks' customers, it is business as usual. Our crews will continue to deliver on the high safety and operational standards our customers have come to expect."