Stonecourt-backed Alpenglow Rail acquires VIP Rail
Alpenglow Rail LLC, a U.S. freight rail company, has acquired VIP Rail LLC, a short line rail business located in Sarnia, Ontario's chemical valley. No financial terms were disclosed for the acquisition, Alpenglow's first with the backing of Stonecourt Capital, a U.S. private equity firm. Jon McEachran, president of VIP Rail, said the deal will create growth opportunities for his company, which currently accesses markets in Ontario, Québec and the United States. Denver, Colorado's Alpenglow Rail is seeking acquisitions of and partnerships with other short line railroads and transportation businesses.
13 July 2017•3 mins read
