Progress Rail Services Overview

  • Founded
  • 1984

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
Primary 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
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0000
Pittsburgh, PA
00000 As of 0000
0000
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0000
Chicago, IL
000 As of 0000
000.00
000000000 - 000.00
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Progress Rail Services Competitors (5)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Wabtec Formerly PE-Backed Pittsburgh, PA 00000 0000 00000000000 0000
0000000000 0000000 Formerly PE-Backed Chicago, IL 000 000.00 000000000 - 000.00
0000000 0000000000 Corporation Dallas, TX 0000 000000000
000000 0000 Pending Transaction (M&A) Charlotte, NC 000 0&0
000 0000000000 000 Corporation Lake Oswego, OR 00000 00000 000000000 00000
You’re viewing 5 of 5 competitors. Get the full list »

Progress Rail Services Patents

Progress Rail Services Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20210348578-A1 Bank to bank trimming system for a locomotive engine Pending 11-May-2020 000000000
AU-2021202464-A1 Spring anchor assembly for track rail and spring anchor insulator for same Pending 08-May-2020 000000000
US-20210348340-A1 Spring anchor assembly for track rail and spring anchor insulator for same Pending 08-May-2020 000000000
US-20210323589-A1 System and method for associating wireless nodes of a consist Pending 15-Apr-2020 00000000000
US-20210284210-A1 Systems and methods for adjusting train operation Pending 10-Mar-2020 B61L23/02
To view Progress Rail Services’s complete patent history, request access »

Progress Rail Services Executive Team (19)

Name Title Board Seat Contact Info
Martin Haycraft President & Chief Executive Officer
Keri Cole Chief Financial Officer
Roy Smith General Manager
Jason Donovan Operations Director
John Newman Executive Vice President, Infrastructure
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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
000000000 000 07-Nov-2019 0000000000 Other Commercial Products 0000 0000
000 (00000 00 02-Jan-2018 0000000000 Other Commercial Products 0000000 0
000000 (00000 21-Nov-2017 0000000000 000.00 Rail 0000000 0
00000000 0000 01-Jan-2017 0000000000 Industrial Supplies and Parts
Inspired Systems 02-May-2016 Merger/Acquisition Electrical Equipment 0000 0000
You’re viewing 5 of 18 acquisitions. Get the full list »

Progress Rail Services Subsidiaries (4)

Company Name Industry Location Founded
Progress Ultrasonics Industrial Supplies and Parts Arab, AL 1997
0000000 0000 00000 Rail Chipping Norton, Australia 0000
000000 Industrial Supplies and Parts Naples, FL 0000
000 (00000 0000000 Other Commercial Products Pistoia, Italy 0000
To view Progress Rail Services’s complete subsidiaries history, request access »