Cathcart Rail Equity Investment
25th July 2022
DWPF provided model audit advice to Nuveen, a leading global investment manager with over $1.2 trillion of assets under management, on their successful equity investment into Cathcart Rail.
Cathcart Rail is a leading freight rail services and transportation company. The company currently operates the largest railcar services network, encompassing 18 repair facilities and over 75 field services locations, as well as a rail services division that operates three shortline railroads and a dozen contract switching and transloading sites, among other services such as railcar storage, track maintenance, and railcar parts.
Cathcart Rail was founded in February 2016 by the father and son team of Thomas Cathcart and Casey Cathcart with 20 employees, and now employs nearly 1,000 people across 110+ locations in 33 states.