USA

American Track Services acquires Universal Rail Systems

American Track Services has acquired Canada-based Universal Rail Systems from investors led by TorQuest Partners. The two infrastructure and terminal services companies will be combined under the North American Rail Solutions umbrella. Thomas Lucario, the chief executive officer (CEO) of American Track Services, will become CEO of North American Rail Solutions, and Ken Reger will become chief financial officer. American Track Services is owned by DFW Capital Partners.