RR Mergers & Acquisitions has announced the sale of OWS Rail Car, Inc. and OWSA Rail Car, Inc. to Diesel Electric Services, a division of Milman Industries, Inc.
Headquartered in Sarnia, Ontario, Canada, OWS Rail Car and OWSA Rail Car, located in St. Clair, Mich., repair freight and tank cars. OWS provides general purpose and high-pressure tank car repair and qualification, heavy freight general car repairs, rebuilds and scraps rail cars. OWSA provides mobile rail car repair services.
Milman Industries, through its affiliated companies, provides railway, industrial and environmental services and supplies globally.
“This transaction deepens our firm’s services to railroads in Canada and the U.S.,” said Milad Mansour, President and Founder, Milman Industries.