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Acquisition strengthens RELAM’s Place because the Main Supplier of Specialty Upkeep of Manner Work Tools and Hello-Rail Truck Gross sales and Leasing Options in North America and additional establishes Falcon as Canada’s premier truck tools provider
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CLEVELAND — RELAM, a number one lessor of railroad maintenance-of-way (“MOW”) tools and portfolio firm of Paceline Fairness Companions, in the present day introduced it has acquired Falcon Tools, Ltd. (“Falcon”), an tools options and specialty truck firm headquartered in Surrey, British Columbia. The acquisition furthers RELAM’s main place within the hi-rail sector, represents its growth within the Canadian market, and provides enticing new finish markets, together with Constructing Provide, Utility, Snow and Ice, and Municipality. Falcon will proceed to be led by its present administration group, with Dan Kielan remaining President.
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Based in 1998, Falcon offers tools for lifting, rail, snow and ice elimination, and municipal and utility finish markets throughout six full-service areas in Western Canada. The Firm sells upfitted autos and has a longtime lease fleet of personalized vans. Lately, Falcon expanded its operations in Edmonton, Alberta, in Regina, Saskatchewan, and in Winnipeg, Manitoba rising its capability to construct extra vans yearly. Falcon provides a full suite of companies, together with in-house design, engineering, fabrication, set up capabilities, upkeep, repairs, elements assist, tools leases, and leasing.
“I’m thrilled to welcome the Falcon group to the RELAM household,” mentioned John Roberts, CEO of RELAM. “Dan and I had a shared imaginative and prescient from the start of our discussions, which made the transaction easy and profitable. A good portion of RELAM’s leasing enterprise comes from Canada in the present day, and partnering with Falcon will allow us to higher serve our current purchasers by offering simpler entry to late-model maintenance-of-way tools and hi-rail vans. This partnership will present Falcon with the required capital to boost its current rental and leasing applications whereas persevering with to execute its natural and inorganic development initiatives. I’m excited to collaborate with the Falcon group to assist form the way forward for this highly effective mixture!”
“With RELAM as our long-term strategic associate, we’re poised to supercharge our development and broaden our market presence,” added Dan Kielan, President of Falcon. “RELAM’s famend dedication to high quality, customer support, and modern options completely aligns with Falcon’s core values and traits. This highly effective partnership permits us to develop and focus in new areas and it permits us to assist our current markets and clients at a higher degree. This units the stage for Falcon’s subsequent growth part and ensures unwavering assist for all of our clients and staff. I’ve full confidence that RELAM is not going to solely meet however exceed our expectations.”
The transaction follows RELAM’s acquisition of Wiskerchen Truck & Tools, LLC and Wiskerchen Rental & Leasing, LLC in January 2023, which strategically expanded RELAM’s place within the hi-rail truck market. Just like the Wiskerchen transaction, RELAM will introduce versatile rental and lease applications to Falcon’s clients and finish markets designed to enhance their money movement and return on funding.
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ABOUT RELAM INC.
Railway Tools Leasing And Upkeep (RELAM) Inc. is centrally situated simply exterior of Cleveland, Ohio, with two further services in Granite Metropolis, Illinois, and Spencer, Wisconsin. We offer railway tools for brief—or long-term leasing and possess an in depth tools portfolio for all of your railway upkeep of method wants. We attempt to ship wonderful high quality tools at the perfect worth.
Our professionals develop personalized, knowledge-based options to suit your present and future wants. There aren’t any off-the-shelf options or standardized approaches. Inform us what tools you want, and allow us to do the remainder. Our consultants consider your necessities and ship a program that works for you.
View supply model on businesswire.com: https://www.businesswire.com/news/home/20241217000935/en/
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Grace Cartwright/Christina Kohl
Gasthalter & Co.
(212) 257-4170
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