Summary
BIRMINGHAM, AL. (October 3, 2025) – Porter White & Company (“PW&Co”) is pleased to announce that WheelWorx, the nation’s largest privately held reconditioner of freight car wheelsets, has been acquired by A. Stucki Company (a portfolio company of Stellex Capital Management), a designer, manufacturer, and supplier of engineered products and services to the international rail transportation market. PW&Co’s investment banking team was led by Michael Stone with support from Zac Venos.
WheelWorx was founded in 2008 by Gary Schoenfeldt, 30-year veteran of the industry, who grew the business into the nation’s largest privately held reconditioner of freight car wheelsets. Through Gary’s leadership the company expanded from its headquarters in Calera, AL, to Pekin, IL, and serves over 100 customers across U.S. Class I Railroads, large short lines, independent car shops, and private car owners. WheelWorx has 105 employees at its manufacturing facilities in Calera and Pekin. After the sale Justin Schoenfeldt (Chief Operating Officer) will lead WheelWorx in its next chapter and serve as Vice President of A. Stucki.
About WheelWorx
Headquartered in Calera, AL, with an additional facility in Pekin, IL, WheelWorx provides reprofiling, boring, mounting, and testing services for freight car and locomotive wheel sets as well as axle machining and roller bearing mounting primarily to Class I Railroads and large, short line railroads. WheelWorx is certified by the Association of American Railroads (AAR) and serves over 100 customers across the United States.
About A. Stucki Company
Founded in 1911, A. Stucki Company is a designer and manufacturer of engineered products for the international rail transportation market. Through its family of brands, the company has broad rail product and service offerings including dynamic control products, brake system components, locomotive components, and track infrastructure products. Stucki has grown and diversified over the years to supply springs, bearings, track infrastructure, and other products as well as remanufacturing, repair, and additional services. Headquartered in Pittsburgh the company operates facilities throughout the United States, Mexico, and Brazil.
About PW&Co
PW&Co is a Birmingham, AL-based investment bank that provides M&A Advisory, Capital Advisory, Business Valuations, Municipal Advisory, and other advisory services. For over 50 years, we have refined a disciplined, process-based approach to guide the strategic decision making of business owners and stakeholders. Our M&A Advisory team supports its clients through deep experience in the manufacturing and industrial services sectors, as well as a range of other industries. For more information on investment banking services in Alabama and how PW&Co can assist with transactions, contact Michael Stone.
PW&Co’s advisory services related to the transaction were provided through its affiliate, Porter White Capital Advisors, Inc.
