Fort Worth, Texas-based American Track has acquired the Track Inspection, Maintenance and Repair division of Savage Transportation Management of Midvale. American Track is one of the nation’s leading railroad design, construction and maintenance companies.
Savage is a nationwide transportation service provider operating in the trucking, railroad and marine sectors. The company was founded in 1946 and has about 1,600 employees.
With the acquisition, American Track will acquire Savage’s assets and the employees associated with railroad track inspection, maintenance, repair and construction services throughout the U.S., including operations in Louisiana, Utah, Wyoming and Colorado.
American Track was formed by Hilltop Private Capital in 2016 to create a national provider track maintenance and construction services. The combined company will now operate in 10 locations across the U.S. under the name American Track Services.
Thomas Lucario, president and CEO of American Track, said, “The Savage Track Inspection, Maintenance and Repair team has a strong reputation of quality service working for some premier customers in the U.S. transportation, refining and manufacturing sectors. We are proud to add this group to our team at American Track and look forward to carrying on and expanding that legacy within our organization.”
“Hilltop is excited to help American Track in their efforts to expand their service capabilities and reach,” said Drew Shea, managing partner of Hilltop Private Capital. “We strive to partner with and assist our companies in finding growth opportunities, organically and through acquisitions. American Track will continue to look for similar opportunities throughout 2020.”