DENVER — Martinus Rail Infrastructure, an Australian-owned company with operations in Australia, New Zealand, and South America, has launched Martinus North America Inc. with an agreement to acquire Bottom Line Co. of Lee’s Summit, Mo., a nationwide rail contractor specializing in track and bridge construction and maintenance, track safety, and emergency derailment services.
The newly established firm will operate as Martinus Bottom Line and serve the Class I, short line, and industrial markets. Martinus, which had announced plans earlier this year to expand intot the North American market, employs 1,500 people worldwide and is adding 200 employees in North America.
“We’re excited about this new chapter in North America,” said Martinus founder and CEO Treaven Martinus. “The acquisition of Bottom Line simply made sense to us. It was an easy decision to bring them into the Martinus family, as they have the skills and knowledge that align with who we are and what we do.”
Brett Urquhart, president, Martinus North America, said, “The diverse service offerings that the Martinus Bottom Line business unit provides will not only help grow our revenue in the North American market, but provide a platform to expand to major projects and other railway product supply.”
More on Martinus Bottom Line is available at its website.
“We’re excited about this new chapter in North America,” said Martinus founder and CEO Treaven Martinus.”
I bet you are. With Class 1’s averaging about 2 to 3 derailments a week, its a buyers market for recovery services. Just ask RJ Corman!