Industry-Railway Acquires ESCO Equipment Company
Jan 9th 2018
February 5, 2018 - Industry-Railway Suppliers, Inc. a leading distributor of tools and products for railway construction and maintenance announced today that it has acquired the business assets of ESCO Equipment Company. Since 1962, ESCO has provided sales and business representation for global railroad product and equipment manufacturers with a specialized mix of maintenance-of-way products.
United by a common business culture, the acquisition makes an enhanced Industry-Railway Suppliers the foremost provider in rail repair and maintenance products, tools and consumables. ESCO brings with it an excellent group of rail industry professionals with an established reputation for delivering outstanding service and expertise.
"We are excited to welcome ESCO into the IRS family. Through this acquisition, we highlight our strategic focus and add decades of knowledge and experience to further support the products we distribute and represent. We are now proud to offer customers the reality of a one-stop-shop for welding and track maintenance. This is the next step in the growth of Industry-Railway Suppliers and it provides us an opportunity to offer greater value to our customers," said Scott Commo, President of IRS.
Following the acquisition, we have signed a multi-year distributor partnership with Pandrol. We will distribute Railtech Matweld hydraulic tools and Rosenqvist rail equipment throughout the U.S. and Canada with Railway Supply Group's sister company- Davanac Inc. This is a progressive step in the growth of IRS and an opportunity to work collaboratively with like-minded partners who are 100% railway focused, just as we are.
Industry-Railway Suppliers, Inc. (IRS) is an industry leading distributor of AREMA track tools, abrasives and specialty consumables, work equipment wear parts, shop tools and related maintenance items. IRS is committed to fully supporting the needs of Engineering and Maintenance of Way departments, as well as railway mechanical, signal and bridge sectors across North America. Industry-Railway Suppliers, Inc., a Railway Supply Group company, was founded in 1966 and is headquartered in Elmhurst, IL