PSC Group acquires Steel Line Rail Services

PSC Group (PSC), a North American leader in product handling, site logistics, railcar repair, and sustainability services for the petrochemical, refining, and marine industries, has acquired the assets of Steel Line Rail Services. Steel Line Rail is a leading provider of mobile railcar repair, inspection, and valve maintenance services for the petrochemical, refining, and railcar leasing industries throughout the United States and Mexico.

Steel Line Rail founded in 2018 as a mobile repair and inspection company in Marshall, Texas. Over the past five years, the company expanded its service offerings to include mobile railcar repair service across the continental United States, AAR certifications, and an in-house valve shop for repair, testing, and certification of tank car valves.

Mobile railcar repair

PSC CEO Joel Dickerson expressed great pleasure in welcoming the Steel Line Rail team to the PSC family. He stated: "Their depth of experience, reputation for excellent service, and expanded scope of services and geographic reach will enable us to more effectively meet growing industry needs. We look forward to working with them to deliver safe and efficient mobile railcar repair, inspection, and valve maintenance services across the US, Mexico, and Canada."

Micheal Henigan, the founder and president of Steel Line Rail, will join PSC's railcar repair leadership team. PSC SVP of Corporate Development Houston

Haymon stated: "Micheal, a 33-year industry veteran, has a long history of delivering excellent safety, quality, and customer service in the railcar repair and inspection industry. Since founding Steel Line Rail, Micheal has quickly expanded the business into a trusted partner for railroad operators across the country. This transaction adds critical new work scopes to our portfolio of repair service offerings, bringing mobile repair, inspection, and valve shop capabilities."

Henigan expressed his enthusiasm for the partnership with PSC, saying: "From the start of the discussions with PSC's leadership, I could tell our cultures were aligned. By working together, we can grow, better serve our customers, and create great career opportunities for our employees. PSC is the right partner for Steel Line Rail, and this is a clear win-win-win for our customers, for Steel Line Rail, and for PSC."

This acquisition marks PSC Group's fifth completed acquisition since partnering with Aurora in 2019, including Prokar, Inc., Fryoux Tankerman Service, Akrotex Extrusion, and Thermoplastics Services, Inc. The company also recently announced the opening of its Advanced Recycling Facility in Baytown, Texas.

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