RELAM Inc. acquires Falcon Equipment, Ltd. to expand its presence in the Canadian specialty truck market

RELAM, a leading lessor of railroad maintenance-of-way (“MOW”) equipment and portfolio company of Paceline Equity Partners, has completed the acquisition of Falcon Equipment, Ltd., a specialty truck company headquartered in Surrey, British Columbia. The acquisition represents RELAM’s expansion in the Canadian market, furthers its leading position in the hi-rail sector, and adds attractive new end markets, including Building Supply, Utility, Snow and Ice, and Municipality. Falcon will continue to be led by its current management team, with Dan Kielan remaining President.