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R. J. Corman Railroad Group LLC has completed the sale of Roadway Worker Training (RWT) to RailPros, a privately held consulting firm specializing in rail engineering design and management. The sale is part of Corman's effort to accelerate growth by reinvesting and refocusing on its core competencies, according to a company press release."RWT has, and continues to be, a robust company with a reputation for excellence," said Ed Quinn, R. J. Corman Railroad Group's president and chief executive officer. "Their loyal customer base and innovative products and services put them in a tremendous position for the future, and I am pleased that they will be joined to a company that also has a track record of success and growth."Texas-based RailPros employs 400 people and operates mainly in the U.S. West and Midwest. RWT — which is based in St. Augustine, Florida — employs 100 and specializes in providing training, contract personnel for employee-in-charge flagging services, consulting and video production."This opportunity provides a natural fit that will serve the rail industry, our customers, and the employees very well,” said Johnny Johnson, president of RailPros Field Services. "As the largest provider of contract flagging in North America, the addition of RWT will expand our geographic footprint. RailPros operates a people-centric business, and we look forward to integrating the companies to provide an even more comprehensive suite of products and services for our clients."Financial terms of the sale were not disclosed.
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