Rail Modal Group Announces $50 Million Capital Raise From The Baupost Group

ALBANY, N.Y., Sept. 18, 2023 /PRNewswire/ -- Rail Modal Group ("RMG"), the leading provider of intermodal rail solutions, today announced the successful capital raise of $50 million from The Baupost Group ("Baupost").

With strategically located premier intermodal rail ramps and container depots in Amarillo, Texas; Fremont, Nebraska; Minot, North Dakota; and Kansas City, Kansas, RMG offers unparalleled efficiency for American producers in the heartland to reach international markets. This capital injection supports RMG's commitment to providing affordable, dependable, sustainable, and faster trade solutions.

Greg Oberting, Founder and CEO of RMG, expressed his excitement on this milestone achievement. "It was a lot of work to launch this company and build out our infrastructure over the past few years. Today, RMG stands as a beacon of efficiency, helping our partners streamline their reach to global markets at lower costs with a more environmentally friendly footprint," said Oberting.

He further added, "We sought out Baupost exclusively as our financial partner given their investment track record and their ability to foster successful partnerships. Having them back us confirms the value that our platform brings to our customers and the growth that lies ahead. This investment strengthens our ability to grow our high-quality service to American producers, international consumers, and our rail and steamship partners."

Sidley Austin LLP acted as legal counsel to RMG for this transaction, while Ropes & Gray LLP represented Baupost.

About Rail Modal Group (RMG):

Rail Modal Group is at the forefront of intermodal rail solutions, optimizing the US supply chain through its footprint of inland ports. Rail Modal Group facilitates efficient and sustainable access to international markets for American producers, primarily serving disadvantaged and dislocated supply chain areas. Rail Modal Group has already reduced over 75 million truck miles from US roads and highways through their intermodal terminals.

Press Contact:

Rail Modal Group Email: info@railmodal.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/rail-modal-group-announces-50-million-capital-raise-from-the-baupost-group-301931232.html

SOURCE Rail Modal Group LLC

First published on Tue, Sep 19, 2023

Enjoyed what you've read so far? Great news - there's more to explore!

Stay up to date with the latest news, a vast collection of tech articles including introductory guides, product reviews, trends and more, thought-provoking interviews, hottest AI blogs and entertaining tech memes.

Plus, get access to branded insights such as informative white papers, intriguing case studies, in-depth reports, enlightening videos and exciting events and webinars from industry-leading global brands.

Dive into TechDogs' treasure trove today and Know Your World of technology!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs' site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.

Tags:

Rail Modal Group Intermodal Rail Solutions Supply Chain Container Depots

Join The Discussion

Enterprise Solutions

Enterprise Solutions<