Tue, 13 Jun 2023 | BUSINESS SALE
Investment company,Portchester Equity Ltd (PEL) has acquired £15 million-turnover rail engineering service company, Yellow Rail Ltd. The acquisition will allow Yellow Rail to expanded capabilities thanks to Portchester’s existing links in the rail industry.
Andy Kevins, managing director of Yellow Rail, said that the deal "provides increased security for our amazing staff, access to an excellent rail connected facility and the opportunity to work with other companies in the same group to increase our overall capability and service offering".
Kevins added that, following the acquisition, investment from Portchester could help to accelerate Yellow Rail's future growth.
Derby-based Yellow Rail has been an independent SME for the last 16 years and currently offers a range of safety-critical services to the passenger and freight sectors. However, the acquisition will mean that the company can now expand its engineering design services and introduce rail services to the passenger sector.
It will also mean that Yellow Rail will have better access to rail-connected test facilities such as Shirebrook on the Robin Hood mainline, for both passenger and freight projects and there will be the potential for collaboration with other companies within Porchester’s group.
According to Porchester, the deal will leverage its financial strength and create synergies with its existing relationships with other rail assets, which include WH Davis and Davis Wagon Services, the freight rolling stock manufacturing and maintenance group.
Portchester Managing Director Paul Bragg commented: "This is a perfect fit within our multi-industrial manufacturing side of the group, where we will be able to improve our capability to passenger and rail customers."
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