Rail car leasing company RGCX announces buyout by investment firm NEWSWIRE

MARIETTA, Ga. — RGCX LLC announced that is 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.

“RGCX is very pleased to welcome Corrum Capital as our new owner,” says 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 says. “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 is a privately held railcar leasing company with a diversified fleet of railcars that operate throughout the U.S., Canada and Mexico. RGCX offers long and short- term leases and both net and full service leases. RGCX has an advanced fleet management system that allows the company to manage its fleet in an efficient manner. The company is headquartered in Marietta, Ga., with a key operations and servicing center in McAllen, Texas.

Corrum Capital Management is an independent, private investment firm that takes an active and asset-level approach to cashflow-oriented investing. Corrum Capital seeks to execute investment strategies through direct debt and equity investments in partnership with experienced operators. Focus areas of investment include specialty finance and leasing strategies, non-syndicated private credit, and asset-backed transactions.