Auxo Investment Partners has acquired Genesis Rail Services, LLC, a full service railroad maintenance company. Genesis provides outsources mission-critical maintenance of way, mechanical and construction services to Class I, Class II and industrial railroads across the United States.
In addition, Genesis recently patented its flagship device, a tie plate distribution system that reduces costs while improving uptime for rail operators. This is Auxo’s first investment in the rail services industry.
“Genesis’ strong industry relationships, growing suite of innovative service offerings, and customer-centric approach position the company for continued growth, especially as railways increasingly outsource maintenance of way services to more cost-effective third-party providers,” said Jeff Helminski, Auxo co-founder and managing partner.
Advisors and lenders on the transaction included Miller Johnson PLC, Barnes & Thornburg LLP, BDO USA LLP, Marsh & McLennan, Aon Plc, Strategies Wealth Advisors, Krauter & Co., Thomas Brady & Associates and Miedema Appraisals.