#USA #The Woodlands #Sixth Street #Bourque Logistics #AllTranstek

Bourque Logistics Secures $100+ Million Growth Financing

Bourque Logistics, a frontrunner in rail logistics software, has recently announced a significant milestone: the completion of over $100 million in growth financing, sourced from the well-regarded global investment firm, Sixth Street. This funding directly supports Bourque’s strategic acquisition of AllTranstek, marking a pivotal growth period for the company in the competitive rail logistics sector.

The merger brings together the unique strengths of both entities. Bourque Logistics is widely recognized for its innovative automated rail systems, which have been enhancing logistics efficiencies since their inception in 1989. Their flagship products, like RAILTRAC, YardMaster, and RateServer, cover a comprehensive range of services tailored to meet all aspects of rail shipping needs. Conversely, AllTranstek comes with a robust portfolio offering complete services in Rail Fleet Management and Compliance, including Engineering and Non-Destructive Testing Services. This blend of expertise positions the newly formed entity to significantly enhance service delivery in the rail industry.

In the recent announcement, Steve Bourque, the president of Bourque Logistics, emphasized the importance of this financing, stating that it enables them to leverage advanced technologies that simplify logistics management for rail car shippers. With operation systems already deployed at over 350 North American rail facilities, Bourque's products can significantly enhance oversight, compliance, and safety outcomes. The collaboration with AllTranstek aims to broaden the scope of services and optimize processes in rail logistics.

Bourque’s YardMaster system, noted for its efficiency in managing railcar inventory and operational workflows, is a critical asset utilized by more than 150 rail shippers across North America. By combining their capabilities with AllTranstek, Bourque is set to not only streamline existing processes but also innovate new methodologies that can adapt to the growing complexities of contemporary rail logistics.

"This acquisition is more than just a business expansion; it signifies our commitment to delivering top-tier logistics solutions for the rail sector," remarked Bourque. He expressed optimism that this partnership would yield not only greater economic benefits but also improved safety and compliance outcomes, which are vital in today's regulated environment.

Bo Stanley, a partner at Sixth Street, echoed the sentiment, noting that the firm is excited about this collaboration at such a transformational stage for Bourque’s operations. Sixth Street is renowned for its unique approach to investment, offering flexible capital solutions tailored to meet the specific needs of companies. Their partnership with Bourque demonstrates a strategic alignment of goals and operational vision, paving the way for enhanced performance.

As preparatory steps for this merger advance, both Bourque and AllTranstek aim to integrate their respective technologies to create a seamless experience for their customers, ensuring that all operational facets align efficiently with customer requirements. The focus will remain on delivering value and enhancing asset management across the rail industry.

In conclusion, with the strong backing from Sixth Street, Bourque Logistics is entering a new phase of growth. By fortifying its position within the rail logistics sector through strategic mergers and innovative technological solutions, Bourque is poised not only to meet customer demands but also to lead in the evolving landscape of rail operations. As it stands, the rail industry is expected to see significant advancements in operational efficiency and service delivery, thanks in no small part to this vital partnership.