DENVER--OmniTRAX Logistics Services, LLC (OLS), the transloading, terminal and logistics affiliate of OmniTRAX, Inc., has agreed to acquire all assets of Terracor Group, a frac sand logistics company, including three transload facilities with vertical silo storage in Texas and Montana. Included in the transaction is a high quality frac sand mining opportunity located in Wisconsin.
“We know the frac sand industry very well, so this acquisition is a terrific opportunity for us to expand the operations of OLS and increase the touchpoints we have with customers. There is also great potential to expand beyond sand into other commodities,” said Kevin Shuba, CEO of OmniTRAX.
The new facilities serve energy customers in the Bakken, Eagle Ford and Permian basins and dramatically broaden the OLS reach in the frac sand supply chain. The acquisition allows the company to be a vertically integrated transportation solution by managing the movement of sand and other commodities from the source through the point of distribution.
Terracor Group is part of Sanjel Corporation, a Canadian company that filed for Chapter 15 bankruptcy protection in the United States earlier this year.
About OmniTRAX, Inc.
As one of North America’s largest private railroad and transportation management companies, OmniTRAX's core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at www.omnitrax.com.
About The Broe Group
The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion dollar asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.