North American Rail Solutions, a leading provider of industrial rail services in North America, has announced the acquisition of Oakville based company Condor Signals and Communications, a supplier of railroad equipment.
North American Rail Solutions, through its Canadian subsidiary, Universal Rail Systems, is proud to announce that it has acquired Condor Signals and Communications in Oakville, Ontario, CA.
North American Rail Solutions is the largest provider of industrial rail services in North America and this acquisition further expands its signals & communications capabilities in Canada and into the United States.
Condor, a well-respected provider of rail signals & communications services across North America, will operate as part of the Universal Rail signals group and maintain its offices in Oakville, Ontario.
In addition, Condor will continue to provide high quality manufactured products such as rail switch heaters, bungalows, and racking systems under the "Condor" tradename.
Tim McMillan, President & Chief Operating Officer of Universal Rail Systems stated: "We are thrilled to have Condor join our Signals team and look forward to continuing to grow together. This acquisition also adds a line of quality Condor signals products, now available to our customers across Canada."
Thomas Lucario, CEO of North American Rail Solutions added; "Adding Condor to our Universal Rail Systems portfolio expands our signals capabilities not only in Canada, but into the US markets as well. It is an example of our ongoing commitment to growth and support to our customers across North America."
When asked about the transaction, Condor's outgoing owner, Maggie DiPede-Sullivan said: "When reflecting on the transition of Condor, I feel a deep sense of joy and pride. Entrusting the future of Condor to a distinguished member of the rail supply industry fills me with confidence. It's not just about passing on the baton; it's about ensuring a prosperous future for our dedicated employees and the business that has been a significant part of my and my late husband's (Michael Sullivan) life."
Learn more at www.condorsignal.com.