FreightCar America Advances Aftermarket Growth Strategy with Third Acquisition in Less Than a Year
Key Highlights
- ➤FreightCar America completed its acquisition of Trinity Equipment Company.
- ➤Third acquisition in less than a year expands railcar components and fastening solutions.
- ➤Transaction expected to be immediately accretive to FreightCar America.
- ➤TEC adds established North American customer and supplier relationships.
- ➤FreightCar America targets recurring aftermarket revenue through an integrated platform.
Expert Statements
Nick Randall, President and Chief Executive Officer of FreightCar America
“Building an integrated aftermarket platform with greater scale is central to FreightCar America’s long-term growth strategy.”
Nick Randall, President and Chief Executive Officer of FreightCar America
“Bringing together complementary businesses expands our ability to support customers’ ongoing railcar maintenance and replacement needs.”
Nick Randall, President and Chief Executive Officer of FreightCar America
“As we integrate these businesses, we see opportunities to grow organically and improve operating efficiency.”
Mike Riordan, Vice President, Chief Financial Officer of FreightCar America
“We are pleased to welcome TEC and its team to FreightCar America.”
Mike Riordan, Vice President, Chief Financial Officer of FreightCar America
“TEC’s product expertise and established relationships complement our existing aftermarket operations.”
Mike Riordan, Vice President, Chief Financial Officer of FreightCar America
“This acquisition is consistent with our disciplined capital allocation framework and our focus on growing recurring aftermarket revenue.”
Mike Riordan, Vice President, Chief Financial Officer of FreightCar America
“The transaction is expected to be immediately accretive to FreightCar America.”
CHICAGO, Oct. 20, 2026 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that it has completed the acquisition of Trinity Equipment Company ("TEC"), an independent, Michigan-based supplier of OEM and replacement railcar components and fastening solutions.
TEC brings complementary products and established customer and supplier relationships across North America. The acquisition broadens the range of components available through FreightCar America’s network and creates opportunities to grow sales to both new and existing customers.
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