Velocity Rail Solutions
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Velocity Rail Solutions - overview
Established
1996
Location
Draper, UT, US
Primary Industry
Oil & Gas
About
Founded in 1996 and based in Utah, US, Velocity Rail Solutions provides direct-to-locomotive fuelling and locomotive services that distribute and transfer diesel fuel across customer bulk storage tanks. In November 2024, Wind Point Partners, along with the company's management, acquired Velocity Rail Solutions from A. Stucki Company, Eldridge Industries, and Stellex Capital Management. The company's core offerings include the delivery of essential materials such as fuel, lube, oil, sand, and water directly to locomotives, waste removal and daily inspections.
These services are delivered at over 60 locations spanning more than 25 states. Additionally, Velocity is involved in tracking real-time service data, which allows customers to access important operational information to improve the efficiency and tracking of the fleet. The company also supports Class 1 railroads with operational services such as sand delivery for traction, water for locomotive systems, and removing waste from locomotives. The November 2024 acquisition enables Velocity Rail Solutions to pursue expansion through strategic acquisitions and further enhance its mission-critical locomotive services to the rail industry.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Transportation, Logistics & Distribution, Analytics & Performance Software
Website
www.velocityrail.com
Total Amount Raised
Subscriber access only
Velocity Rail Solutions - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Liquid Tech Solutions | - | ||||||||
| Corporate Carve Out, Secondary Buyout | Completed | Velocity Rail Solutions | - |
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