The Carlyle Group has purchased the rail industry’s largest provider of information services, RMI, for an undisclosed amount.
RMI, a 28-year old company based in Atlanta, Georgia, provides web-based transportation and logistics support via its RailConnect programme.
Carlyle’s acquisition of the company will not alter its operating structure; RMI’s executive management team, all of which has invested in the company, will remain in place, according to a statement.
Private equity firms have not only ramped up their global infrastructure investments – many of them rail-related – but have increased investments in tangential industries such as shipping, transport and logistics.
In just the past six months, US firm Apollo won a heated, $2 billion (€1.5 billion) bidding war for Texas-based transport and logistics firm EGL; UK mid-market shop Close Brothers made an estimated four-times return on United Transport International, a freight logistics company, and also sold its stake in shipping firm V.Ship; and US firm Hicks Holdings and Bahrain’s Investcorp teamed up to purchase a “substantial portion” of Greatwide Logistics Services from Fenway Partners for $730 million.