Track construction and maintenance services provider RailWorks Corp. has finalized an agreement to acquire NARSTCO, a manufacturer of steel crossties and turnout crosstie sets.
Based in Midlothian, Tex., NARSTCO, with approximately 90 employees at its U.S. facilities, was founded in 1996 and is a supplier to Class I, short line railroads and industrial rail customers, “providing cost-effective and durable steel crossties and turnout sets,” RailWorks said.
NARSTCO ties are made from recycled steel, which RailWorks said “erases the need for creosote, spikes, gauging, anchors and tie plates. Steel ties from NARSTCO last longer, are easier to ship and are simple to install. Such qualities lead to lower life-cycle costs for customers.”
RailWorks noted that NARSTCO will continue operating independently and collaborating with its current customer base of end users, contractors and engineering firms. Anthony Musa will remain as NARSTCO CEO.
“NARSTCO has an outstanding reputation throughout the industry for superior products, dedication to customer needs and great field service,” said RailWorks CEO Kevin Riddett. “The combination of NARSTCO and RailWorks represents two leaders joining forces to bring industry-leading value to our customers through our comprehensive network of strategically located offices.”
“NARSTCO is [pleased] to be a part of the RailWorks family,” Musa said. “NARSTCO’s high-quality steel ties and turnouts, along with RailWorks superior service and vast network of connections, represents a growth opportunity for NARSTCO.”