Bourque Logistics (a leader in rail logistics systems) and Sixth Street announced that Bourque has closed a $100+ million financing from Sixth Street. This growth financing supports Bourque’s recently announced acquisition of AllTranstek, which combines the respective rail fleet logistics and asset management expertise of Bourque and AllTranstek into a comprehensive solution for the rail industry.
Bourque’s logistics and freight systems are utilized by 150+ North American rail shippers. Its YardMaster system is deployed at over 350 North American rail facilities to optimize railcar inventory, switching, inspection, and loading/unloading operations. And the combination of Bourque and AllTranstek creates a unified entity providing improved oversight, streamlined processes, enhanced safety and compliance outcomes, and an unparalleled range of services tailored to the needs of railcar owners.
Bourque Logistics offers rail operations software for industrial shippers. Its automated rail logistics systems have provided significant and ongoing value since 1989, with RAILTRAC, YardMaster, RateServer, and other tools addressing all facets of rail shippers’ needs and integrating seamlessly with their ERP systems. The Shipper BI tool provides managers with real-time intelligence and trends to manage complex distribution and logistics.
KEY QUOTES:
“Following our acquisition of AllTranstek, our new combined company is poised for a new phase of growth by leveraging its technology to streamline logistics, compliance, and safety processes for railcar shippers, owners, and their maintenance providers. Our partnership with Sixth Street provides us with a robust capital financing solution designed to support the execution of our strategy at this important inflection point for our company.”
- Steve Bourque, president of Bourque Logistics
“We are pleased to be forming this partnership with Bourque during this transformational moment in the evolution of its business. This investment is a great example of the flexibility of our capital and our platform’s ability to build partnership-driven solutions to fit a company’s strategic objectives.”
• ⁃ Bo Stanley, partner at Sixth Street
