RELAM, a lessor of railroad maintenance-of-way (MOW) equipment and portfolio company of Paceline Equity Partners, acquired Falcon Equipment, an equipment solutions and specialty truck company headquartered in Surrey, British Columbia. Falcon will continue to be led by its current management team, with Dan Kielan remaining president.
“I am thrilled to welcome the Falcon team to the RELAM family,” John Roberts, CEO of RELAM, said. “Dan and I had a shared vision from the beginning of our discussions, which made the transaction smooth and successful. A significant portion of RELAM’s leasing business comes from Canada today, and partnering with Falcon will enable us to better serve our existing clients by providing easier access to late-model maintenance-of-way equipment and hi-rail trucks. This partnership will provide Falcon with the necessary capital to enhance its existing rental and leasing programs while continuing to execute its organic and inorganic growth initiatives. I am excited to collaborate with the Falcon team to help shape the future of this powerful combination!”
“With RELAM as our long-term strategic partner, we are poised to supercharge our growth and broaden our market presence,” Kielan said. “RELAM’s renowned commitment to quality, customer service and innovative solutions perfectly aligns with Falcon’s core values and traits. This powerful partnership allows us to grow and focus in new areas and it enables us to support our existing markets and customers at a greater level. This sets the stage for Falcon’s next expansion phase and ensures unwavering support for all of our customers and employees. I have full confidence that RELAM will not only meet but exceed our expectations.”
The transaction follows RELAM’s acquisition of Wiskerchen Truck & Equipment and Wiskerchen Rental & Leasing in January 2023.
