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12/2/2024
A. Stucki Co., a supplier of engineered parts for the rail industry, has completed the sale of Velocity Rail Solutions. Financial terms of the transaction were not disclosed.
Headquartered in Draper, Utah, with 75 U.S. sites, Velocity specializes in providing mission-critical mobile fueling services to locomotives and other railroad equipment as well as complementary locomotive services. Under Stucki’s ownership, Velocity grew and expanded its offerings, company officials said in a press release.
"The sale of Velocity is a pivotal step in our journey to integrate our business, focusing our resources and expertise on the strength of our consolidated portfolio to better serve our customers," said Stucki CEO Ron Port.
RBC Capital Markets LLC served as financial adviser and Greenberg Traurig served as legal adviser to Stucki in connection with the transaction.