Rail car retrofit venture finalized

Jul 22, 2014 | 01:35 PM | Frank Haflich

Tags  rail cars, Greenbrier, Watco, GBW Railcar Services, James A. Cowan, William A. Furman, retrofit, joint venture Mark J. Rittenbaum

LOS ANGELES — Greenbrier Cos. and Watco Cos. LLC have completed the formation of 50-50 joint venture GBW Railcar Services LLC, which will target the increasing demand for rail car repairs and retrofits.

GBW’s combined annual revenue will be about $325 million, according to Oswego, Ore.-based Greenbrier and Pittsburg, Kan.-based Watco. The two companies have not disclosed their total investment in the new venture.....

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