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September 17, 2007 – Cary Street Partners served as the exclusive advisor for Unitrac Railroad Materials, Inc. in connection with its acquisition of Donovan EDH & Trackwork Solutions, Inc. (D.E.T.S.).  Terms of the transaction were not disclosed. 

Unitrac, based in Knoxville, TN, is a subsidiary of Healey Railroad Corporation and is a specialty trackwork manufacturer and distributor of new and relay rail.  D.E.T.S., located in central Illinois, is a specialized manufacturer of manganese trackwork for the railroad and commercial manufacturing industries.  D.E.T.S. became the leader in the explosive depth hardening industry by developing the safest, most reliable Explosive Depth Hardening (EDH) process available.  The Donovan process incorporates the use of the patented Donovan Blast Chamber, which allows hardening operations to take place in an enclosed blast containment unit. Unlike many "open-air" or submerged processes, the Donovan process protects the product and the workers from the environment and allows continuous operation all-year around.

"Combining the manufacturing capacity and capabilities of Unitrac and D.E.T.S. enables Unitrac to service existing and potential customers within the railroad industry while making us a more broadly based company than ever before," said Ray Lambert, President and Chief Executive Officer of Unitrac Railroad Materials.