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Rail News: Financials
Private equity firm The Carlyle Group recently acquired a majority stake in RMI, which provides Web-based transportation and logistics products.
The transaction won’t affect RMI’s internal operating structure and the company’s executive management team will remain in place.
“Now is the right time to re-capitalize the company by bringing in a new equity investor,” said RMI Chief Executive Officer Peter Kleifgen in a prepared statement. “We will have the resources to continue to pioneer new technologies and industry-wide initiatives, as well as to develop new business in related markets.”
RMI’s products are designed to help customers — including Class Is, regionals, short lines, terminal switching railroads, rail-car lessors, shippers and barge operators — manage their transportation, equipment and revenue.
6/4/2007
Rail News: Financials
The Carlyle Group acquires majority stake in RMI
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Private equity firm The Carlyle Group recently acquired a majority stake in RMI, which provides Web-based transportation and logistics products.
The transaction won’t affect RMI’s internal operating structure and the company’s executive management team will remain in place.
“Now is the right time to re-capitalize the company by bringing in a new equity investor,” said RMI Chief Executive Officer Peter Kleifgen in a prepared statement. “We will have the resources to continue to pioneer new technologies and industry-wide initiatives, as well as to develop new business in related markets.”
RMI’s products are designed to help customers — including Class Is, regionals, short lines, terminal switching railroads, rail-car lessors, shippers and barge operators — manage their transportation, equipment and revenue.
