The acquisition of certain railcar assets and operations formerly owned by SMBC Rail Services LLC has been completed by American Industrial Transport, Inc. (AITX), a railcar leasing and repair and maintenance provider
American Industrial Transport Inc.
An affiliate of investment firm ITE Management L.P. (ITE) has agreed to acquire North American rolling stock lessor SMBC Rail Services LLC from SMBC Americas Holdings, Inc., a member of Sumitomo Mitsui
American Industrial Transport, Inc. (AITX) has expanded its repair and maintenance network across the U.S. Northeast and Midwest with facilities in Milton, Pa. and Clinton, Ind. Both facilities are currently open and actively servicing repair customers.
American Industrial Transport, Inc. (AITX) has appointed Eric Baltz as Chief Financial Officer. Baltz joins AITX following 14 years with coal producer Peabody Energy, most recently as Senior Vice President and Chief Accounting Officer.
American Industrial Transport, Inc. (AITX) has promoted John Ward to Senior Vice President of Repair Services, and brought on a new Vice President of Repair Services and a Plant Manager in Milton, Pa. Also, Indiana Rail Road Company (INRD) has elevated Matt Haire to Assistant Vice President, Information Technology.