Dykema Assists Universal Logistic Holdings, Inc in Acquisition of Market-Leading Rail Terminal Operator

Dykema congratulates Universal Logistic Holdings, Inc. on its acquisition of Parsec, a market-leading provider of terminal management services to the Class I, regional, and short-line railroads across North America. With a highly skilled workforce of nearly 2,100 employees, Parsec offers a comprehensive suite of terminal services at more than 20 rail yards throughout the United States and Canada. Parsec specializes in time-sensitive, container lift on and lift off services ensuring efficient and reliable operations at some of the most complex rail yards across the country. Among other services, Parsec also provides crane and intermodal equipment repair, drayage, and container and chassis stacking. This strategic acquisition by Univeral Logistic Holdings, Inc. enhances its value-added service offering in the rail terminal services space.

The Dykema team assisting with this project was led by Members Brendan Cahill and Igli Psari, and included Emily Reed, Scott Kocienski, Cody Rockey, Amy Christen, Tyler Hubert, Char Carne, Nick Ustaski, Nardeen Dalli, and Michael Carty.