Tonkon Torp acted as Oregon corporate counsel for its long-term client The Greenbrier Companies, Inc. in finalizing a 50/50 joint venture with Watco Companies, LLC. The venture combines the two companies’ railcar repair, refurbishment and maintenance businesses into a new organization, GBW Railcar Services, LLC.
Led by M&A attorney Sherrill Corbett, the multi-discipline Tonkon Torp team for this matter included Jeffrey Woodcox, Tom Palmer, Drea Schmidt, David Petersen, Claire Brown, Scott Seidman, Bob Carey, Darcy Norville, and Jeanette Schuster.
Headquartered in Lake Oswego, Oregon, The Greenbrier Companies, Inc. is a leading supplier of transportation equipment and services to the railroad industry. With 39 railcar repair, refurbishment, and maintenance shops (14 of which also perform tank car repairs and maintenance), the new joint venture is now one of the largest independent railcar repair shop networks in North America.