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4/9/2024
North American Rail Solutions, through its Alberta-based subsidiary Universal Rail Systems, has acquired Condor Signals and Communications of Oakville, Ontario.
The acquisition will expand North American Rail Services’ signals and communications capabilities in Canada and the United States, company officials said in a press release. North American Rail Solutions provides industrial rail services across North America.
Financial terms of the acquisition were not disclosed.
Condor, which provides rail signals and communications, will operate as part of the Universal Rail Signals group. Condor also will continue to provide high quality manufactured products such as rail switch heaters, bungalows and racking systems under the Condor trade name, company officials said.
"We are thrilled to have Condor join our signals team and look forward to continuing to grow together. This acquisition also adds a line of quality Condor signals products, now available to our customers across Canada,” said Tim McMillan, president and chief operating officer of Universal Rail Systems.
In 2021, DFW Capital Partners partnered with the management team of American Track through acquisition and established the parent company, North American Rail Solutions, which is located in Fort Worth, Texas.