GE rail unit to buy Allrail assets
Chicago-based GE Equipment Services, Rail Services, a unit of General Electric Co., has agreed to buy the assets of privately held railcar maintenance services provider Allrail Services for an undisclosed amount.
Deer Park, Texas-based Allrail provides railcar maintenance services through mobile repair units and mini-repair shops.
“This acquisition greatly complements our ability to provide a full range of maintenance services and increase our ability to respond to our customers,” said Jay Wileman, president and chief executive officer of GE Equipment Services, Rail Services. “The realities of today’s regulatory environment call for greater flexibility and responsiveness to customer needs. Allrail will position us well to meet those needs.”
The transaction is expected to be completed during November.
GE rail unit to buy Allrail assets
