A. Stucki Company (“Stucki”), a leading provider of engineered parts and services for the rail industry and a portfolio company of Stellex Capital Management (“Stellex”), has announced the completion of the sale of Velocity Rail Solutions (“Velocity”). While the financial details of the transaction remain undisclosed, this marks a significant milestone for both companies as they transition into new phases of growth and innovation.
Based in Draper, Utah, Velocity operates at 75 locations across the United States and is a key player in providing critical mobile fueling services for locomotives and other railroad equipment. Additionally, the company offers complementary locomotive services, cementing its role as an integral partner in the rail industry. Under Stucki’s ownership, Velocity experienced substantial growth, both in its service offerings and operational footprint, while maintaining a strong commitment to customer satisfaction.
“At Stucki, our mission has always been to drive innovation and deliver exceptional value to our customers,” said Ron Port, CEO of Stucki. “The sale of Velocity represents a pivotal moment in our journey. It allows us to sharpen our focus on integrating our business operations and leveraging the strength of our consolidated portfolio. By concentrating our resources, we aim to provide a seamless and consistent customer experience across all segments we serve. This strategic move positions Stucki for an exciting future filled with new opportunities for growth and innovation.”
Port expressed gratitude to the Velocity team for their contributions during their time with Stucki. “We extend our sincere thanks to the Velocity team for their hard work and dedication. Their commitment has been instrumental in the company’s success. We are confident that Velocity will continue to thrive and grow under its new ownership, and we look forward to witnessing their continued achievements.”
The transaction was facilitated by RBC Capital Markets, LLC, which served as the financial advisor, and Greenberg Traurig, which provided legal counsel to Stucki.
As Stucki moves forward, the company is poised to build on its legacy of delivering high-quality products and services to the rail industry. This sale underscores Stucki’s strategic vision of focusing its resources on core business areas, ensuring its long-term growth and ability to adapt to the evolving needs of its customers.
With the unification of its brands and a renewed emphasis on innovation, Stucki is set to embark on a new chapter, strengthening its position as a trusted partner in the rail sector.