Savage Services Corp., based in Salt Lake City, said Monday it has agreed to acquire the assets and the locomotive and rail services business of Quality Rail Services LLC, based in Golden, Colo.
Terms were not disclosed. The transaction is expected to close by Wednesday. The QRS business will be rebranded as Savage QRS and will continue to be based in Golden.
QRS provides locomotive fueling, mechanical and other support services on an outsource basis. It primarily serves customers located in the Western and Central U.S., with 30 locations serving the BNSF, Kansas City Southern and Union Pacific railroads, as well as many of the railroads' customers.
Savage provides services to companies involved in oil refining, chemicals, coal production, electric power generation and railroads. Through subsidiary CANAC Railway Services Inc., based in Montreal, provides railroad engineering, planning, design, rehabilitation and rail training services. Savage also owns and/or operates large bulk terminals for coal, petroleum coke, sulphur and other commodities; transportation moving over 140 million tons annually of coal, coke, waste coal, waste ash and sulphur; and also provides on-site operations and management services for large power plants and oil refiners.
Savage has more than 110 operations in 31 states and five Canadian provinces.