Progress Rail Services Overview

  • Year Founded
  • 1984

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 3,771

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 2

  • Investments
  • 18

Progress Rail Services General Information

Description

Provider of outsourced maintenance and repair services, and products to the railroad industry in North America. The company offers a broad array of products and services for the maintenance and repair of rail-cars, locomotives, and track infrastructure. It operates in two segments, Locomotive and Railcar Services (LRS), and Engineering and Track Services (ETS). The LRS segment provides maintenance and repair services for railroad rolling stock. The ETS segment provides a range of products and maintenance services for rail infrastructure owners and contractors, supporting their maintenance and repair requirements. The company operates 91 facilities in 35 U.S. states, Canada, and Mexico.

Contact Information

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly PE-Backed
Primary Industry
Rail
Parent Company
Corporate Office
  • 1600 Progress Drive
  • P.O. Box 1037
  • Albertville, AL 35950
  • United States
+1 (800) 000-0000

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Progress Rail Services Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Progress Rail Services Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of outsourced maintenance and repair services, and products to the railroad industry in North America. The comp
Rail
Albertville, AL
3,771 As of 2005
00000 0000-00-00
000000&0

000000

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0000
Pittsburgh, PA
0000 As of 0000
00.000
000000000 00 00.000

000000

im ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex
0000
Charlotte, NC
000 As of 0000
000000&0
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Progress Rail Services Competitors (6)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Westinghouse Air Brake Technologies Formerly PE-Backed Pittsburgh, PA 0000 00.000 000000000 00 00.000
Harsco Rail Failed Transaction (M&A) Charlotte, NC 000 000000&0
Trinity Industries Private Debt Financed Dallas, TX 0000 00.000 000000000 00 00.000
The Greenbrier Companies Corporation Lake Oswego, OR 00000 00000 000000000 00000
Alstom Corporation Paris, France 00000 00000 00000000000 00000
To view Progress Rail Services’s complete competitors history, request access »

Progress Rail Services Patents

Progress Rail Services Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240174276-A1 Optimizing a driving strategy for a hybrid diesel-electric locomotive and battery-electric locomotive consist Pending 28-Nov-2022 000000000
US-20240166249-A1 Managing vehicle energy use based on future energy demand Pending 23-Nov-2022 000000000
AU-2023254950-A1 Managing vehicle energy use based on future energy demand Pending 23-Nov-2022 00000000000
US-20240150983-A1 Mechanical sand removal Pending 06-Nov-2022 00000000
US-20240093434-A1 Track rail fastening system and rail cushion for same Pending 20-Sep-2022 E01B9/681
To view Progress Rail Services’s complete patent history, request access »

Progress Rail Services Executive Team (19)

Name Title Board Seat Contact Info
John Newman Chief Executive Officer
Keri Cole Chief Financial Officer
Roy Smith General Manager
Carlos Roso Co-Managing Director
Jason Donovan Operations Director
You’re viewing 5 of 19 executive team members. Get the full list »

Progress Rail Services Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Progress Rail Services Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Progress Rail Services Acquisitions (18)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Cleveland Track Material 07-Nov-2019 0000000000 Rail 0000 0000
ECM (Rail) 02-Jan-2018 0000000000 Rail 0000000 0
Downer (Freight Rail Business) 21-Nov-2017 0000000000 000.00 Rail 0000000 0
Progress Ultrasonics 01-Jan-2017 0000000000 Industrial Supplies and Parts
Inspired Systems 02-May-2016 Merger/Acquisition Other Commercial Products 0000 0000
You’re viewing 5 of 18 acquisitions. Get the full list »

Progress Rail Services Subsidiaries (2)

Company Name Industry Location Founded
Progress Ultrasonics Industrial Supplies and Parts Alabaster, AL 1997
Pacific Rail Engineering Rail Chipping Norton, Australia
To view Progress Rail Services’s complete subsidiaries history, request access »

Progress Rail Services FAQs

  • When was Progress Rail Services founded?

    Progress Rail Services was founded in 1984.

  • Who is the CEO of Progress Rail Services?

    John Newman is the CEO of Progress Rail Services.

  • Where is Progress Rail Services headquartered?

    Progress Rail Services is headquartered in Albertville, AL.

  • What is the size of Progress Rail Services?

    Progress Rail Services has 3,771 total employees.

  • What industry is Progress Rail Services in?

    Progress Rail Services’s primary industry is Rail.

  • Is Progress Rail Services a private or public company?

    Progress Rail Services is a Private company.

  • What is the current valuation of Progress Rail Services?

    The current valuation of Progress Rail Services is 00000.

  • What is Progress Rail Services’s current revenue?

    The current revenue for Progress Rail Services is 000000.

  • Who are Progress Rail Services’s investors?

    One Equity Partners has invested in Progress Rail Services.

  • Who are Progress Rail Services’s competitors?

    Westinghouse Air Brake Technologies, Harsco Rail, Trinity Industries, The Greenbrier Companies, and Alstom are some of the 6 competitors of Progress Rail Services.

  • When was Progress Rail Services acquired?

    Progress Rail Services was acquired on 23-Jun-2006.

  • Who acquired Progress Rail Services?

    Progress Rail Services was acquired by Caterpillar.

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