Fort Worth-based American Track announces expansion
December 20th, 2021
December 20, 2021 - TRA Newswire -
This Fort Worth based railroad company is on the grow. Thomas Lucario, Chief Executive Officer of American Track, announced "we are extremely excited as we move into our next stage of expansion into additional services and geographies." American Track is known as a major player in inspection, maintenance, repair and specialized construction services for industrial, municipal and logistics infrastructure in a highly fragmented, specialized industry.
Since consolidating two family businesses in 2016, American Track has grown from three locations to nine, with multiple acquisitions along the way.
Announcing a recapitalization led by DFW Capital Partners, a private equity investment firm, Lucario said "we are certain DFW Capital Partners will provide us with not only additional resources, but also the right leadership, perspective, and commitment to invest in our people, equipment and customers in the future."
American Track serves a wide range of industries including manufacturing, petrochemical, mining, agricultural products, food and beverage, basic raw materials, ports and transload facilities across the US.
American Track has been partnered with Hilltop Private Capital since its formation. Kate Lehman, Managing Partner for Hilltop Private Capital, stated, "We are proud to have partnered with management and the company founders to create the American Track platform and to provide the resources to execute our growth strategy. We thank our capital partners PNC Mezzanine Capital and Deerpath Capital Management for their support and wish the entire American Track team continued success as it moves forward."
This Fort Worth based railroad company is on the grow. Thomas Lucario, Chief Executive Officer of American Track, announced "we are extremely excited as we move into our next stage of expansion into additional services and geographies." American Track is known as a major player in inspection, maintenance, repair and specialized construction services for industrial, municipal and logistics infrastructure in a highly fragmented, specialized industry.
Since consolidating two family businesses in 2016, American Track has grown from three locations to nine, with multiple acquisitions along the way.
Announcing a recapitalization led by DFW Capital Partners, a private equity investment firm, Lucario said "we are certain DFW Capital Partners will provide us with not only additional resources, but also the right leadership, perspective, and commitment to invest in our people, equipment and customers in the future."
American Track serves a wide range of industries including manufacturing, petrochemical, mining, agricultural products, food and beverage, basic raw materials, ports and transload facilities across the US.
American Track has been partnered with Hilltop Private Capital since its formation. Kate Lehman, Managing Partner for Hilltop Private Capital, stated, "We are proud to have partnered with management and the company founders to create the American Track platform and to provide the resources to execute our growth strategy. We thank our capital partners PNC Mezzanine Capital and Deerpath Capital Management for their support and wish the entire American Track team continued success as it moves forward."