Opus Bank is pleased to announce it provided:

Title: Rail Service Corporation
Amount: $4,000,000
Month: July
Year: 2015

Rail Service Corporation

Opus Bank’s Corporate Finance division provides $3 million term loan and $1 million line of credit for a partner buyout of Rail Services Corp.

Overview of Transaction

  • Rail Services Corp. (“RSC”) is a leading provider of communication systems for the transit market. The company provides systems integration and project management services for owners and operators of freight and transit oriented railroad systems and commercial transit systems.
  • The company operates in three primary market segments: Transit Communications, Mobile Video, and Commercial Low-Voltage Systems, including CCTV, telephone, public address, Ethernet, radio and SCADA systems.

Significance of Transaction

  • The company was founded by two partners in 2005 when they merged their two businesses together to create Rail Services Corp.
  • The transaction allowed one of the founding partners to fulfill his estate planning objectives.

Opus Bank's Role

  • Opus Bank (“Opus”) provided term debt financing to assist with a partner buyout allowing the existing CEO to retire and the current partner team to acquire 100% ownership of the business.
  • Opus additionally provided a working capital line of credit to the company giving them access to the resources needed for continued success and growth.

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