RMI Receives Equity Financing from The Carlyle Group

Updata Advisors' client, Railcar Management (RMI), a 28-year-old transportation services firm and leading provider of logistics information solutions to the rail industry, has re-capitalized with equity financing from The Carlyle Group.  The investment will enable RMI to innovate with new technologies and industry-wide initiatives, as well as to develop new solutions for related markets.

RMI Chief Executive Officer J. Peter Kleifgen said, “Now is the right time to re-capitalize the company by bringing in a new equity investor. Carlyle’s extensive knowledge of the transportation sector, as well as its global network, will enable us to further the growth of our business. This is good news for our existing customers and for the future of RMI. 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.”