Stadler recently broke ground on a new locomotive manufacturing plant in Salt Lake City. The company in 2016 rented a service plant from the Utah Transit Authority to build trains for the future TEX Rail commuter system in Dallas and Fort Worth, Texas. After Stadler received a contract from Caltrain for 16 bi-level trains in August 2016, the company determined it needed more production space, according to a Stadler press release. The new facility will include 75,000 square feet of production space, as well as test track to commission trains.
Railway and Industrial Services Inc. (RISX) has retained mergers-and-acquisitions specialist Equity Partners HG to seek a refinancing, joint venture or equity partner. Equity Partners also may assist in selling land, buildings, equipment and business, officials from that company said in a press release. For the past 17 years, RISX has performed rail-car repairs and conversions, as well as general lease returns.
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