Turnspire snaps up rail services provider Hulcher
- Through Hulcher Resources, the company also provides a range of critical services to the industrial and agricultural sectors
- Its customers include all six North American Class I railroads, short line and passenger operators and industrial customers
- Hulcher was founded in 1966
Turnspire Capital Partners has acquired Hulcher Services, a Denton, Texas-based provider of mission-critical rail infrastructure, maintenance, and field services.
Hulcher builds, maintains, and repairs the track, locomotives, and railcars that carry freight through the North American rail network, through its 28 service centers across the US and Mexico. Through Hulcher Resources, the company also provides a range of critical services to the industrial and agricultural sectors. Its customers include all six North American Class I railroads, short line and passenger operators, and a broad base of industrial customers.
“Rail is critical to the industrial economy, and for six decades, Hulcher been a trusted partner to operators, tending to the infrastructure that they simply cannot function without,” said Abel S. Osorio, managing partner at Turnspire. “That is exactly the kind of business Turnspire is built to support: essential, deeply embedded with customers, and powered by a field organization that performs when it matters most.”
BMO Capital Markets served as financial advisor and Winston Taylor LLP served as legal counsel to Turnspire. Intrepid Investment Bankers served as financial advisor to Hulcher.
Hulcher was founded in 1966.
