Rail Service and Logistics,LLC is Recapitalized by Rock Hill Capital Group

HOUSTON, TEXAS (October 8, 2014) – Statesman Corporate Finance, LLC is pleased to announce that Rail Service and Logistics, LLC (“RSL”), a railroad services provider involved in the removal and disposal of wooden railroad ties, has completed a majority recapitalization with Rock Hill Capital Group (“Rock Hill”).  The transaction was completed on September 12, 2014 and Statesman served as the exclusive financial advisor to RSL.

RSL, headquartered in St. Louis, is a railroad services provider specializing in the removal and disposal of wooden railroad ties as a part of the railroad industry’s annual track maintenance programs.  The company coordinates and works in concert with railroad track maintenance teams collecting, cataloging, and disposing of decommissioned railroad ties at the company’s four grinding facilities.  RSL is managed by two industry veterans – Phil Rector, President and Greg Smith, Vice-President who have a combined 45 years in the railroad services and tie-to-biomass fuel business segment.

In conjunction with the recapitalization by Rock Hill, RSL also acquired the assets of Rail Tie Solutions (“RTS”) from Savage Transportation Management Inc., an affiliate of the Savage Companies (Midvale, UT).  This acquisition will expand RSL’s capabilities and geographic coverage to include four grinding facilities and operations from the Mid-West through the Western United States.

“We were appreciative of Statesman’s efforts in helping us find a partner that believed in our strategy and that could both support our acquisition of the RTS assets and our future expansion into other related services lines. With Rock Hill’s support and our expanded capabilities, we believe we can grow RSL into a premier provider of rail services,” said Greg Smith.

About Rock Hill Capital:

Founded in 2008, Rock Hill Capital Group, LLC is a Houston, TX based private equity firm that targets investments in the growing middle to lower middle market with enterprise values up to $75 million. Rock Hill seeks to assist successful entrepreneurial companies located in the southern United States to continue to grow and expand their business.

About Statesman:

Statesman is a leading middle market investment bank headquartered in Houston, TX that provides merger and acquisition sell-side, buy-side, and general corporate financial advisory services to small and middle-market companies.  The Statesman transaction team included Principal Will Jaco, Vice President Peter Chiu, and Associate Walker French.