Texas-based Bourque Logistics, a provider of rail operations software for industrial shippers, recently closed on more than $100 million in financing from California-based Sixth Street, a global investment firm.
Financing will be used to support Bourque’s purchase of Illinois-based AllTranstek, a commercial rail transport management and consulting company.
“Following our acquisition of AllTranstek, our new combined company is poised for a new phase of growth by leveraging its technology to streamline logistics, compliance, and safety processes for railcar shippers, owners, and their maintenance providers,” Steve Bourque, Bourque Logistics president, said. “Our partnership with Sixth Street provides us with a robust capital financing solution designed to support the execution of our strategy at this important inflection point for our company.”
The combined company will enhance safety and compliance outcomes, streamline processes, provided improved oversight, and offer a wide range of services to railcar owners.
Bourque’s logistics and freight systems are used by more than 150 North American rail shippers. Systems include YardMaster, RateServer, RAILTRAC, and the Shipper BI tool. The YardMaster system has been deployed at more than 350 North American rail facilities to optimize railcar inventory, inspection, switching, and loading/unloading operations. In addition, its Shipper BI tool manages complex distribution and logistics by providing real time intelligence and trending.