Balfour Beatty Completes Sale of Its US Track Solutions Operations to Rhomberg Sersa Rail Group
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DALLAS--(BUSINESS WIRE)--
Balfour Beatty today announces the sale of its U.S. Track Solutions operations to Rhomberg Sersa Rail Group (RSRG) for $7.25 million.
The Track Solutions operations, which have an annual revenue of $10 million, provide niche services for the rail sector including track inspection, ballast cleaning and subgrade management and equipment and technology for private and public rail clients. This aligns with RSRG’s technology and services focus throughout Canada and the U.S.
Balfour Beatty’s U.S. rail sector strategy remains focused on its core operational rail services, including large capital programs, traction power and operate and maintain services (O&M). The Company ranks as the nation’s No. 8 top mass transit and rail contractors (per by Engineering News-Record annual Sourcebook listing) and is building some of the most complex and innovative rail projects in the U.S.
Leon Blondin, CEO of Balfour Beatty U.S. said, “This transaction supports our continued focus on our core rail business in capital programs and traction power, while also strengthening the Track Solutions team’s expertise and opportunities.”
The sale completed on October 29, 2021.
About Balfour Beatty
Balfour Beatty is an industry-leading provider of general contracting, at-risk construction management and design-build services for public and private sector clients across the United States. Performing heavy civil, rail and vertical construction, the company is part of Balfour Beatty plc (LSE: BBY), a leading international infrastructure group that provides innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. Balfour Beatty is ranked among the top domestic contractors in the United States by Engineering News-Record. To learn more, visit www.balfourbeattyus.com.
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