July 19, 2017 - CANADA: Alpenglow Rail announced the acquisition of its first rail business on July 12. VIP Rail is based at Sarnia in Ontario�s Chemical Valley region, and provides shunting, transloading, warehousing, road haulage and wagon storage, cleaning and repair services.Denver-based Alpenglow Rail was founded by former OmniTRAX executives Rich Montgomery,�Darcy Brede,�Henning von Kalm�and�Josh Huster. It is backed by New York private equity firm Stonecourt Capital, which invests in middle-market logistics, industrial services and petrochemicals business.Alpenglow Rail aims to build a portfolio of rail, terminal and port businesses, and is �actively seeking� acquisitions and partnerships with short line railways and related transport businesses.VIP Rail President Jon McEachran said the short line had been approached by many companies, �but we felt Alpenglow was uniquely suited to be both creative on this complicated transaction and an excellent partner in the growth of the company.�Alpenglow CEO Rich Montgomery said VIP Rail was attractive because of its �strategic placement� and �tremendous growth opportunity�.
