Deal Details

Velocity Merges with LTS

Industrial

Velocity, a portfolio company of Wind Point, combination with LTS, a portfolio company of Lindsay Goldberg

Summary

Velocity Rail Solutions, Inc. (“Velocity”), a portfolio company of Wind Point Partners (“Wind Point”), announced that it has combined with Liquid Tech Solutions (“LTS”), a portfolio company of Goldberg Lindsay & Co. LLC (“Lindsay Goldberg”). Terms of the transaction were not disclosed.

Baird served as financial advisor to Velocity & Wind Point on this transaction.

About

Velocity provides a range of locomotive fueling and servicing solutions to rail operators across North America. Established in 1996, Velocity specializes in fueling, replenishing consumables such as oil, sand and water, waste removal and light locomotive maintenance. Velocity leverages proprietary technology to track services in real-time, ensuring operational efficiency and safety. Velocity is headquartered in Draper, Utah.

Founded in 1984, Wind Point is a private equity investment firm with ~$6 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the business services, consumer products and industrial products sectors. Wind Point is headquartered in Chicago, Illinois.

LTS, founded in 1998, is a leading provider of tech-enabled, on-site mobile refueling services for diverse industries. LTS provides services for total supply management, on-site fueling of diesel fuel and diesel exhaust fluid, tank monitoring, generator services, business continuity programs, specialized additive packages, marine fuel and gasoline delivery across the U.S. LTS’ mobile on-site refueling services creates value for customers by saving on labor, fuel and truck maintenance costs. LTS is headquartered in Stoughton, Massachusetts.

Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses. Since 2001, Lindsay Goldberg has raised $22 billion of equity capital and has invested in more than 60 platform companies and over 350 add-ons. The firm focuses on three sectors that typically demonstrate resilience across economic cycles: industrials, services and healthcare. Lindsay Goldberg takes a relationship-driven approach and is supported by its global network of affiliate partners. Lindsay Goldberg is headquartered in New York, New York.

Industrial

Velocity, a portfolio company of Wind Point, combination with LTS, a portfolio company of Lindsay Goldberg