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

Rail Modal Group (RMG), a leading provider of intermodal rail solutions, has successfully raised $50 million in capital from The Baupost Group. RMG operates premier intermodal rail ramps and container depots in strategic locations across the United States, including Amarillo, Texas; Fremont, Nebraska; Minot, North Dakota; and Kansas City, Kansas. These facilities offer American producers in the heartland efficient access to international markets, emphasizing affordability, reliability, sustainability, and speed in trade solutions.

RMG's Founder and CEO, Greg Oberting, expressed his enthusiasm for this milestone, highlighting the company's role in streamlining access to global markets while reducing costs and environmental impact. He emphasized the strategic choice of The Baupost Group as their financial partner due to their investment expertise and track record. This investment strengthens RMG's capacity to provide high-quality services to American producers, international consumers, and rail and steamship partners, supporting its continued growth and success. Legal counsel for the transaction was provided by Sidley Austin LLP for RMG and Ropes & Gray LLP for The Baupost Group.

RMG has already made a significant impact by reducing over 75 million truck miles on U.S. roads and highways through its intermodal terminals, positioning itself as a leader in optimizing the U.S. supply chain.

More Information : https://www.techdogs.com/tech-news/pr-newswire/rail-modal-group-announces-50-million-capital-raise-from-the-baupost-group

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