Sojitz Corporation of America expands its footprint in the rail industry with the acquisition of BW Services

Sojitz Corporation of America continues to expand its North American rail-focused portfolio with the acquisition of BW Services, further strengthening its synergistic network of rail rolling stock businesses.

Sojitz Corporation of America is a subsidiary of the Sojitz Group, which was formed when Nichimen Corporation and Nissho Iwai Corporation joined forces. For more than 150 years, its business has helped support the development of countries and regions. Today, the Sojitz Group consists of approximately 400 subsidiaries and affiliates located in Japan and throughout the world, developing wide-ranging general trading company operations.

Founded in 1994, BW Services is a privately owned railcar servicing company that specializes in the maintenance, repairs and certification of tank cars. The company operates two AAR-certified and strategically situated facilities, one in Angleton, Texas, and the other in Westlake, Louisiana. BW Services handles approximately 1,500 cars per year and has significant expansion potential, with over 50 acres of land available to grow the Texas facility.

Oaklins’ team in Canada advised the buyer in this transaction.