Private investment firm Corrum Capital acquired railcar leasing company RGCX. The acquisition will provide 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,” said 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, Jonathan Mandle and Michael Robinson will join RGCX’s board of directors. Cirpriani and Mandle are co-managing partners of Corrum Capital, while Robinson is a senior advisor with the firm.

“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 said. “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 acted as transaction counsel to Corrum Capital.