Supply Side: Bluejay Capital/Pacific West; Nortrak

Bluejay Capital Partners has acquired rail and industrial services firm Pacific West. In addition, the Fixation Division at voestalpine Railway Systems Nortrak (Nortrak) has celebrated five years without a recordable injury at its Cheyenne, Wyo., plant.

Bluejay Capital Partners announced on Dec. 22 that it completed the purchase of Salt Lake City, Utah-based Pacific West. Terms of the deal were not disclosed. Pacific West builds railroad fueling facilities, track beds and rail, wastewater treatment plants, and above and below ground mechanical facilities, and provides 24/7 emergency response, among other services.

“Pacific West has an exceptional track record serving industries that Bluejay Capital knows very well,” said Josh Putterman, Founding Partner of Bluejay Capital, a transportation and logistics business investor with headquarters in Jacksonville, Fla. “The strong team at Pacific West, coupled with the Bluejay Capital team’s network of industry relationships creates a powerful combination. We are ready to get to work helping Pacific West continue to provide great service and to grow.”

“Our partnership with Bluejay Capital marks the beginning of an important chapter of growth for our company and our dedicated employees,” said Pacific West Chief Operating Officer Dustin Hall, who retains an ownership stake in the company. “We are proud of what we have created and accomplished over the past 30 years and are excited to build upon that history, advancing our industry-leading position, expanding our market reach and broadening the scope of work and services we provide.”

Bluejay Capital financed the transaction with Southfield Mezzanine, which provided debt and an equity co-investment.

The Fixation Division of Nortrak earlier this month celebrated five years without a recordable injury at its Cheyenne, Wyo., plant. Constructed in 2007, the plant produces direct fixation fasteners; concrete turnout ties; and concrete Keyway Ties, which are designed to be interspersed within wood tie territory, according to the company.

 “This is a remarkable achievement for a pre-stressed concrete facility, and is an indication of Nortrak’s overall commitment to safety,” said Dave Millard, CEO of Nortrak, a member of the Railway Systems group in the Metal Engineering Division of voestalpine AG.