Richter Acted as Investment Banking and Tax Advisor to RailTerm
May 2021 – Richter acted as investment banking and tax advisor to RailTerm in the sale of the business to Siemens Mobility. The transaction was led by Richter’s Alon Wexler and David J. Stein supported by Mitch Stein and Sarah Benammar as tax advisors and Michel Reinhardt as shareholder advisor.
RailTerm is a Canadian based transportation company that is a leading provider of rail services to railroads and transit agencies. Siemens Mobility has been providing solutions to Canada’s transportation industry for more than 40 years.
RailTerm’s familiarity across Canada’s entire rail spectrum will allow Siemens Mobility to expand its existing portfolio with on-the-ground track and signaling, electrification and communication systems.
Richter would like to congratulate Robert Wheeler, Francois Prenovost, Geoffrey Chambers and the team at RailTerm on this successful transaction.
About Richter
Richter is a Business | Family Office that provides strategic advice on business matters and on families’ financial and personal objectives across generations. With close to 100 years of experience advising at the intersection of family and business, Richter has developed an integrated approach to help business owners find sustainable success. Whether business, personal, or both, Richter is uniquely positioned to address the needs of Canada’s most successful entrepreneurs, private clients, business owners and business families and help them chart a clear path to shape their legacy for the future. Founded in 1926, Richter’s 600-person multidisciplinary team continuously innovates to create value for our people, clients, and community in Canada and in the US.
Learn more about our transaction advisory practice.
About RailTerm
Founded in 1990 and headquartered in Mississauga, Ontario, RailTerm is a North American corporation which provides rail operation services including dispatching, track and signal maintenance, as well as intermodal terminal management. The company also provides signals, communications, and software systems, as well as licenses the TrainMaster Rail Traffic Control (RTC) software to independent railroads. In Canada, Rail-Term Inc
About Siemens Mobility
Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability
For more information, visit Siemens Mobility