[December 14, 2004] RailWorks Corporation Adds New Board Members; Timothy Buresh and Jeffrey Levy To Serve As Board Directors Tweet NEW YORK --(Business Wire)-- Dec. 14, 2004 -- RailWorks Corporation, a leading provider of construction, maintenance and material solutions for the rail and rail-transit industries, announced today that Timothy B. Buresh and Jeffrey M. Levy have accepted positions on the company's board of directors. Timothy Buresh is currently Chief Operating Officer of the Los Angeles Unified School District, the second largest school district in the country and the second largest employer in Southern California with more than 84,000 employees and 900,000 students. The District has an operating budget of $6 billion and is the tenth largest constructor in the country. He previously worked as Director of Construction and Engineering for the Alameda Corridor Transportation Authority (ACTA) where he managed a $2.4-billion rail transportation project. It was the only major public works project to finish on time and under budget in Southern California in the last 20 years. Buresh is a licensed civil engineer in seven states and a member of the California State Bar with more than 28 years of multi-disciplinary, construction industry experience with major engineering and construction companies. Jeffrey Levy is currently an independent management consultant. He previously served as the President and Chief Operating Officer of EMCOR Group, Inc. (NYSE:EME), a $4.5 billion, Fortune 500 company with 26,000 employees. The company provides mechanical and electrical construction and facilities operations and maintenance services for buildings and facilities in the United States, Canada and the United Kingdom. Levy played a major role in building EMCOR, expanding the business from $1.65 billion to $4.5 billion through a combination of organic growth, strategic alliances and acquisitions. Over a seven-year period under his tenure, the company achieved compound annual growth of more than of 15 percent in revenue and 31 percent in earnings. Levy is a licensed mechanical engineer with more than 30 years of experience in the engineering, design and construction of commercial, industrial and transportation infrastructure facilities. "Tim Buresh and Jeffrey Levy are savvy, business industry veterans with a demonstrated record of developing and expanding construction industry enterprises," said David Matlin, CEO of MatlinPatterson Global Advisors, LLC. "Their insights and wise counsel will be invaluable as RailWorks Corporation continues to gain momentum and fulfills its enormous potential to serve the rail and rail-transit industries." Mess's Buresh and Levy join the following existing members of RailWorks' Board of Directors: Robert Chaves and Frank Plimpton of MatlinPatterson Global Advisors; Timothy O'Connor of Jefferies & Company; and RailWorks President and CEO Raymond List and Chief Financial Officer Ken Campbell. About RailWorks Corporation -- Founded in 1998, RailWorks Corporation provides reliable construction, maintenance, and material solutions for the rail and rail-transit industries. With revenues of approximately $450 million, RailWorks is a leading provider of integrated rail system services and products for major transit authorities, class I and short line railroads, and commercial and industrial companies. RailWorks ranks 71st on Engineering New-Record's "Top 400 Contractors" list and 11th among "The Top 50 in Transportation." RailWorks is a privately held company and can be found on the World Wide Web at www.railworks.com. [ Back To TMCnet.com's Homepage ]