Shackleton Equity buys railroad products manufacturer Vossloh Signaling USA

Shackleton Equity Partners LLC purchased Vossloh Signaling USA Inc. from parent company Vossloh AG in a carve-out transaction.

The acquired business, which will now operate as Apex Rail Automation, will be led by President David Ruskauff and Vice President of Operations Chris Rabo.

The Grass Valley, Calif.-headquartered company makes railroad automation technologies, switches and other products for the railroad industry. It will seek to expand its industrial customer base with additional resources through its partnership with the Los Angeles-based private equity firm.

Shackleton Equity's sectors of interest include software, technology, aerospace and defense, telecom, electronics, manufacturing, industrial, e-commerce, and consumer.

New York-based investment banking firm CoView Capital represented Vossloh U.S. Holdings in the transaction.