Genesis Rail Company, part of the Auxo Investment Partners family of companies, is proud to announce the appointment of Rance Randle as its CEO. With over two decades of experience in railroad operations, logistics and intermodal transportation, Rance will be instrumental in strengthening Genesis' market position, enhancing safety and operational efficiency, delivering exceptional customer value.
"We are thrilled to have Rance join Genesis Rail Services," said Jeff Helminski, General Partner at Auxo Investment Partners. "His expertise in driving operational excellence and his ability to inspire high-performing teams will be invaluable as we work to deliver exceptional service to our customers while navigating the evolving demands of the rail industry."
rivate investment firm Auxo Investment Partners announced today that it has acquired Southeast Vegetation Management (SEVM), an Alabama based provider of Vegetation Management services to US railroads. Headquartered in Brierfield, AL, Southeast Vegetation Management, LLC represents an expansion of Genesis Rail Company’s vegetation management division. SEVM is known for its expertise in delivering safe, efficient, and environmentally responsible vegetation management solutions.
As the Class I railroads implement precision scheduled railroading, the focus is on ensuring the network runs smoothly and efficiently. While the railroads still have maintenance crews, some companies are taking advantage of the industry’s openness to outsourcing the everyday maintenance work. That’s why Auxo Investment Partners, a Grand Rapids, Michigan-based private equity firm specializing in manufacturing, industrial and transportation investments, has acquired two companies that provide railroad maintenance and mechanical services to the freight railroads. These two new acquisitions are Ferrovia Services, an Auburn, Alabama-based provider of vegetation management along railroad infrastructure, and Genesis Rail Services, which provides maintenance of way, mechanical and construction services and is based out of Bluefield, West Virginia, and Roanoke, Virginia. Auxo announced its acquisition of Genesis last month and its acquisition of Ferrovia on Thursday. Auxo says its goal is to integrate the two companies under one platform as a way to cross-sell services and improve offerings to existing customers.
Private investment firm Auxo Investment Partners announced today that it has acquired Southeast Vegetation Management (SEVM), an Alabama based provider of Vegetation Management services to US railroads.
Headquartered in Brierfield, AL, Southeast Vegetation Management, LLC represents an expansion of Genesis Rail Company's vegetation management division. The combination of Ferrovia and SEVM creates the largest pure play herbicide rail vegetation management platform in the United States.
Grand Rapids-based Auxo Investment Partners said Wednesday, Dec. 15, it acquired Ferrovia Services, an Auburn, Alabama-based provider of railroad and Department of Transportation (DOT) vegetation management services with locations across the U.S. The addition follows Auxo’s recent purchase of Genesis Rail Services, a railroad maintenance company. Founded in 1976, Ferrovia provides mission-critical and regulated vegetation management, inspection and abatement services to North America’s Class I railroads, as well as a variety of Class II, short line, industrial railroad customers, state DOTs and utility providers.
Auxo Investment Partners reached further into the rail industry with the acquisition of Ferrovia Services LLC, an Auburn, Ala.-based railroad vegetation management company. The acquisition follows Grand Rapids-based Auxo’s October acquisition of railroad maintenance company Genesis Rail Services LLC in Bluefield W. Va.