North American Rail Solutions (NARS), North America’s largest provider of railroad design, construction, maintenance, and operating services, announces the acquisition of Tri Innovations Consulting Ltd. in Calgary, Alberta.
Tri Innovations is a leading provider of Engineering, Procurement, and Construction (EPC) services, encompassing feasibility studies, detailed design and engineering services, supply chain management, project management, construction and fabrication management, commissioning, and operations support. Tri Innovations is a full-discipline engineering company focused on energy, transportation, agriculture, and renewable spaces with comprehensive expertise in facilities and terminals, industrial transportation, and materials handling.
“The addition of Tri Innovations to the North American Rail Solutions family of companies adds incredible capabilities to our portfolio. This positions NARS as one of the only major rail maintenance and construction providers in North America to offer a full suite of truly in-house services, from design-build to maintenance and operations. The Tri Innovations team is a perfect fit for our culture of providing innovative solutions to customer problems and will integrate well with our other operations across the United States and Canada,” Thomas Lucario, CEO of NARS, stated.
“We are thrilled to join North American Rail Solutions. Our shared commitment to customer-centric solutions and innovation will strengthen our ability to deliver unparalleled value to our clients. We are eager to collaborate with NARS to expand our reach and enhance the services we offer and deliver exceptional value,” Kurt Findlay, CEO of Tri Innovations, added.
In 2021, DFW Capital Partners partnered with the management team of American Track through acquisition and established the parent company, NARS. Operating from 25 full-service offices strategically located in the U.S. and Canada, North American Rail Solutions provides mission-critical services to its customers that ensure the safety, compliance, and operability of onsite railway assets.
NARS serves a wide range of industries, including manufacturing, petrochemical, mining, agricultural products, food and beverage, basic raw materials, ports, transload facilities, transit, Class 1 and short-line railroads.
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