ATEL Leasing, a subsidiary of ATEL Capital Group, said it has added Larry Littlefield to manage the Rail Finance division. His focus is to strategically build ATEL’s existing rail portfolio. He will partner directly with rail-specific lessors, financial institutions, railroads, shippers and advisors to purchase and finance rail leases and acquisitions. He will be located in Connecticut.

“Larry will be instrumental in utilizing our deep capital base for strategic growth and locating profitable buying opportunities in different segments of the market,” commented Dean Cash, CEO of ATEL Capital Group.

Littlefield has had a stellar career in the rail finance industry, previously holding senior marketing, management and operation positions at US Leasing, CIT Rail and Babcock & Brown Rail. He played a major role in establishing a rail operating lease platform at both CIT Rail and Babcock &Brown with primary responsibilities for fleet acquisitions, marketing and customer service.

“We are thrilled to have a quality leader with Larry’s experience, skill-set, reputation and personality to lead our rail group” said Bill Bullock, Capital Markets SVP. The rail finance product covers our investing bases of strong creditworthy lessees, fair market value structured leases, long-lived equipment and consistent cash flow.”

ATEL Leasing is the third largest privately held rail lessor in North America and owns and manages a fleet of rail cars that service key industries such as electric power generation, automobile, forestry and paper, construction, chemical and food service.