EQT to acquire Eagle Railcar Services from JM Texas Companies

Railcar maintenance is a highly resilient and growing market segment supported by thematic tailwinds, including increased regulatory and stakeholder scrutiny on safety, and heightened industrial production and nearshoring. Alongside Marc and the entire Eagle team, EQT aims to solidify the Company's position as a leading, national railcar repair and maintenance facility network, and support its mission to enable the safe transit of essential commodities, reduce emissions through rail transport, and extend the lifespan of railcars.

EQT will partner with Eagle's management team to position the Company for long-term success, leveraging its deep expertise in investing behind North American transportation and logistics assets to help unlock value creation across operational excellence, automation and digitization, and geographic growth. 

Neha Jatar, Managing Director within EQT's Infrastructure Advisory Team, said: "Eagle utilizes its network of repair and maintenance facilities to provide regulated and essential services to owners of railcars, facilitating the safe transportation of chemicals and other materials that are critical to the global economy. We are excited by the opportunity to partner with Marc and the management team to support Eagle's network of facilities, employees, and customers in their next phase of growth." 

Marc Walraven, CEO of Eagle Railcar Services, said: "Partnering with EQT marks an exciting new chapter for Eagle. EQT's deep industry expertise and investment capabilities will help fuel our continued growth, enhance our service offerings, and expand our footprint. Together, we are committed to continuing to deliver superior value to our customers."

The transaction is subject to customary conditions and approvals. It is expected to close in Q2 2025.

EQT was advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP.

With this transaction, EQT Infrastructure VI is expected to be 45-50 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).

Contact
EQT Press Office, press@eqtpartners.co

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