Conkright acquires Conrad, RR M&A advises
Written by William C. Vantuono, Editor-in-ChiefConkright Enterprises has acquired Conrad Machine, Inc., which specializes in railroad equipment component manufacturing and provides fabrication services to numerous industries, among them oil and gas. RR Mergers & Acquisitions, a specialist in rail-sector company sales, acted as advisor to Conrad Machine.
Conrad Machine is headquartered in Pittsburg, Kan. The company’s StarTrack division leases tampers and ballast regulators to Class I and Class II railroads, and to railroad contractors. Railroad industry customers include Amtrak, BNSF, Kansas City Southern, Loram, Railworks and Union Pacific, and in the oil and gas industry, Gardner-Denver and SPM Flow Control.
Kevin Conkright, former President of Missouri Tie LLC, a major producer of creosote-treated railroad products (crossties, switch ties, bridge ties, full-depth timber crossings), will become CEO of Conrad Machine. Brock Ewan will continue as the company’s general manager.
