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Railcar Leasing Firm RGCX Acquired by Corrum Capital

June 22, 2018, 07:20 AM
Filed Under: Mergers & Acquisitions

RGCX, LLC announced it has been acquired by Corrum Capital. The acquisition provides RGCX with greater resources and flexibility in the railcar market and enables the company to pursue a long-term growth strategy. The new owner plans to fuel growth of its railcar portfolio and leasing business.

“RGCX is very pleased to welcome Corrum Capital as our new owner,” said Nick Tupper, president of RGCX. “Corrum Capital brings a unique blend of financial expertise, market access and management insight through their ownership of other leasing and operating businesses. We are excited to further grow our railcar portfolio and expand our customer relationships.”

As a result of the acquisition, Jason Cipriani, co-managing partner of Corrum Capital Management; Jonathan Mandle, co-managing partner of Corrum Capital Management; and Michael Robinson, senior advisor to Corrum Capital Management, will join RGCX’s board of directors.

“We look forward to working with the RGCX team to execute on a long-term, disciplined growth strategy that leverages the company’s significant experience in the railcar leasing market,” Cipriani said. “RGCX has been in operation for over 40 years, and we look forward to working with the team to develop the company’s next chapter.”

DVB Bank SE provided financing for the acquisition. Moore & Van Allen PLLC acted as transaction counsel to Corrum Capital.
RGCX, based in Marietta, Ga., is a privately held railcar leasing company with a diversified fleet of railcars that operate throughout the U.S., Canada and Mexico.

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