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Connor, Clark and Lunn Infrastructure, Alpenglow Rail Acquire Orange Rail in Texas, USA.

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Vincent

MANews-(C)2009-2022

Canada-based middle-market infrastructure assets investor Connor, Clark and Lunn Infrastructure and rail terminal operator and partner Alpenglow Rail LLC have acquired Orange Rail Inc, a recently constructed rail terminal located in Orange, Texas, the companies said.

The transaction further expands CC and L Infrastructure and Alpenglow's North American rail business, which now encompasses five rail assets in Canada and the United States.

Orange Rail provides first and last mile rail transportation and storage solutions to a diverse base of large-scale, blue-chip customers similar to those served by existing terminal locations.

The recently built project benefits from proximity to highly-attractive industrial markets and class 1 railroad access to both the Union Pacific and BNSF railroads.

The facilities include a double loop track capable of handling 120 car unit trains along with approximately 600 railcar storage spots.

This investment is part of the ongoing expansion of CC and L Infrastructure and Alpenglow's established partnership, which was formed in 2019 to develop and operate a diversified portfolio of rail businesses across North America.

Currently, the company's portfolio includes three assets in the US Gulf Coast under USA Rail Terminals as well VIP Rail, a business that comprises two railcar...

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