Portec Rail Products Inc. (“Portec”) was a publicly-traded company serving both domestic and international rail markets by manufacturing, supplying and distributing a broad range of rail products, rail anchors, rail spikes, railway friction management products and systems, rail joints, railway wayside data collection and data management systems and freight car securement systems. Portec also manufactured material handling equipment for industries outside the rail transportation sector through its United Kingdom operation.
Ameridan was engaged by Portec in 2009 and worked closely with the CEO and CFO regarding a series of strategic acquisition opportunities. Ameridan provided a variety of investment banking services including acquisition search, transaction initiation, company valuation, and financial advisory. Portec was acquired by LB Foster Company in 2011.