Porterbrook, a leading rail financier and leaser, has agreed a deal with Kilmarnock based Brodie Engineering.
The deal will see Porterbrook take a 49% stake in the company, which is the only active rail engineering business in Scotland.
Brodie Engineering specialises in maintenance, refurbishment and overhauls of passenger and freight trains.
“Brodie Engineering is an excellent fit for us” said Mary Grant, CEO of Porterbrook. “The expansion in recent years into the Caledonia Works underlines the ambition of Gerry Hilferty and his team. They're doing a fantastic job and will continue to run the day-to-day operations of the company”.
“A healthy supply chain is fundamental to a reliable and efficient railway. Today's agreement means we can better support our customers' fleets in Scotland, and across the whole of the UK.”
Gerry Hilferty, CEO of Brodie Engineering, said: “This is an exciting new chapter for our team, who can all be very proud of their hard work and determination in making the company what it is today. We have a strong relationship with Porterbrook and can now look forward to a long and successful partnership as we begin the next stage in this journey.”
