Cyprium Partners, a private equity firm focused on non-controlling investments in the middle-market, has completed a new subordinated debt and preferred equity investment in Remprex to recapitalize the company’s balance sheet and fund the acquisition of Technical Services International, Inc.
Remprex, headquartered outside Chicago, Illinois, provides terminal operations and access control solutions to Class I intermodal rail terminals and distribution centers across North America. Access control solutions include installation, maintenance and operation of automated gate systems and related technology infrastructure. Terminal operations include loading, unloading, and management of intermodal containers and automotive units.
“The Remprex acquisition of TSI is consistent with the company’s strategy of becoming more meaningful to the Class I railroads,” said Cindy Babitt, a Partner with Cyprium. “The acquisition of TSI complements the numerous offerings Remprex already provides to the Class I intermodal yards and the combined entity should provide for better more efficient service. We are proud to support Remprex in this acquisition.”