OmniTRAX Joins the Northern Colorado Economic Alliance

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WINDSOR, COLO. –  OmniTRAX Inc., an affiliate of The Broe Group and one of the largest privately held rail service companies in North America, is proud to announce it has joined the Northern Colorado Economic Alliance (NCEA), an economic development organization that launched earlier this year.

“We are pleased to have OmniTRAX and it’s affiliates as part of our new and expanding organization,” said Scott Ehrlich, Board President of NCEA.  “They have a proven track record all their own of attracting leading manufacturers to the region, and the access OmniTRAX provides to its network of railways is invaluable to local businesses.”

OmniTRAX and its Broe Group affiliates have spent years developing the Great Western Industrial Park (GWIP) in Windsor, which is home to companies such as Vestas, Carestream, Front Range Energy, Halliburton, Hexcel, Kodak, Colorado National Guard, Musket, Cargill and Schlumberger.

Earlier this year, GWIP announced that its tenants would be adding approximately 575 new jobs in 2015.  In addition, Crall Products is planning to build a facility in the park before 2017, further bolstering job growth in the region.

“We have always had great economic development partners that have helped us market the region,” said OmniTRAX CEO Kevin Shuba.  “NCEA is a welcomed addition to those efforts, and we are proud to have their support as we drive the next industrial renaissance and job growth in northern Colorado.”

Added Jenni Stanford, Senior Director of Industrial Development for GWIP:  “The ripple effects of high-paying manufacturing positions, like the ones we have at the Great Western Industrial Park, are thousands of indirect jobs and more people putting money back into the local economy. We look forward to working with NCEA and the region’s other EDCs to keep this momentum going.”

“At Broe, we see an industrial renaissance in the U.S., which we are helping to accelerate through continued investment and growth in Great Western Industrial Park,” said Claude Pumilia, Chief Operating Officer of The Broe Group. “We are always pleased to be able to add jobs, including direct employment for our OmniTRAX, Great Western Oil & Gas and Broe Real Estate Services affiliates, as well as indirectly through GWIP business growth and expansion in northern Colorado.”

About Great Western Industrial Park

The Great Western Development Company develops railroad property along lines managed by OmniTRAX, Inc., the largest privately held rail service company in North America and an owner and operator of the Great Western Railway of Colorado. Starting in 1986 with the acquisition of the Great Western Railway of Colorado, OmniTRAX (a Broe Group affiliate), has steadily extended both its network of rail properties and the volume of business on each of its owned and managed properties, adding seventeen railroads, ports and intermodal terminals since inception.  More information can be found at www.greatwesternindustrialpark.com.

About OmniTRAX, Inc.

As one of North America’s largest private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at www.omnitrax.com.

About The Broe Group

The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion asset base.  The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

About the Northern Colorado Economic Alliance

The Northern Colorado Economic Alliance (NCEA) is an economic development organization focused on attracting primary employers to the Northern Colorado region, and continuous improvement of the region’s competitiveness for primary employers.  It is a privately funded organization that collaborates closely with numerous regional partners including local government, chambers and other non-profit business groups, workforce development, real estate and others committed to economic vitality.