Eagle Railcar Services

About Eagle Railcar Services

Founded in 2001 and headquartered in Eastland, Texas, Eagle Railcar Services is the largest independent provider of regulated railcar repair and maintenance services in the United States. Eagle owns and operates 13 strategically located facilities across 7 states, which are connected to Class I railroads near major industrial hubs. Eagle performs federally mandated and regular inspections as well as complex repairs, with a focus on tank cars transporting hazardous chemicals. With a workforce of approximately 1,500, Eagle serves a diversified customer base including shippers and lessors. The company operates in an essential, high-barrier-to-entry industry, with strong demand driven by safety regulations, nearshoring, and aging railcar fleets.

Market trends and drivers

Eagle benefits from strong secular tailwinds including increased regulatory scrutiny of rail safety, an aging railcar fleet, and reshoring of industrial production. Limited repair facility capacity relative to a growing tank car fleet drive tight supply and demand dynamics which are positive for operators like Eagle. By providing regular maintenance and safety inspections, Eagle plays a key role in preventing dangerous derailments and enabling safer, lower-emission freight transport via rail - a far more environmentally sustainable alternative to trucking.

Investment potential

EQT plans to build on Eagle’s exceptional track record, investing further in its facilities and operations, and accelerating digitization and automation. EQT will actively partner with management to optimize site operations, pursue strategic M&A into broader rail services, and expand into adjacent services, enhancing earnings resilience and long-term societal impact. The investment supports safer rail networks and promotes modal shift from higher-emission freight options.

Societal contribution

• SDG 9 – Industry, Innovation and Infrastructure
• SDG 11 – Sustainable Cities and Communities
• SDG 12 – Responsible Consumption and Production
• SDG 13 – Climate Action