Appalachian Railcar Services, Inc (ARS), a West Virginia-based rail service provider, announced today its appointment of Warren Kurt Higginbotham as Chairman and Michael Scott Driggers as Chief Executive Officer at Appalachian Railcar Services, LLC. Kurt will continue to lead the inorganic strategy in his role as Chairman. Kurt has served as the Founder and CEO of ARS, growing the business to over 40+ facilities over 18 years. Scott will oversee daily operations while continuing to drive the profitability initiatives and business goals and he will serve on the ARS Board of Directors. Scott has served in various leadership roles within the railcar repair industry, ranging from Vice President of Operations/Corporate Safety to his most recent role as Chief Operating Officer.

About Appalachian Railcar Services

Appalachian Railcar Services is one of the largest railcar repair companies in the U.S. providing an extensive range of industrial logistics services, including tank and general railcar repair, rail logistics, plant loading and unloading, short line switching operations, and railcar storage, throughout the Mid-Atlantic, Northeast and Midwest regions. ARS is also one of the largest railcar repair providers with key certified tank car repair locations. ARS' client list boasts of numerous Fortune 500 companies spread across multiple industries, including agriculture, chemicals, manufacturing, energy, food processing, and logistics. Founded in 2000 and headquartered in Eleanor, West Virginia, the Company has expanded into a national footprint across 40+ facilities in 18 states, has over 450 employees and the management team has over 100 years of industry experience. For more information about Appalachian Railcar Services, visit: www.apprailcar.com.

About GenNx360 Capital Partners

GenNx360 is a private equity firm focused on partnering with middle market industrial and business services companies. It invests in companies with proven and sustainable business models in expanding industries with the objective of supporting management in its effort to drive growth and profitability. Target industries include industrial machinery and components, logistics and supply chain solutions, industrial and environmental services, food and agricultural, infrastructure equipment and services, specialty chemicals, packaging, and aerospace and defense. GenNx360 was founded in 2006 and is headquartered in New York City. For more information about GenNx360, please visit: www.gennx360.com.