Connor, Clark & Lunn acquisition of Alberta Midland Railway Terminal

On October 25, 2022, Connor, Clark & Lunn Infrastructure (“CC&L Infrastructure”) and its partner, Alpenglow Rail (“Alpenglow”) announced the acquisition of Alberta Midland Railway Terminal (“AMRT”). Terms of the transaction were not disclosed.

AMRT, which has the capacity to store over 1,400 railcars on approximately 300 acres of property, is strategically located to serve one of the largest industrial hubs in North America, composed of 40+ industrial facilities representing over C$40 billion in investments. It is served by both CN and CP (the only Class I railroads in the region), and is situated in close proximity to industrial markets and large-scale customers, making the terminal integral to local supply chains.

The acquisition, which advances CC&L Infrastructure and Alpenglow Rail's plan to develop and operate a diversified portfolio of rail businesses across North America, is the latest investment through their partnership established in 2019 that has since grown to include six rail terminals across Canada and the United States.

Further information can be found on Canada Newswire’s website.

AMRT is a rail logistics centre strategically located in Alberta’s Industrial Heartland. It provides third party rail logistics services to world-class industrial, energy and agricultural customers.

CC&L Infrastructure invests in middle-market infrastructure assets with attractive risk-return characteristics, long lives and the potential to generate stable cash flows. It has accumulated over US$5 billion in assets under management diversified across a variety of geographies, sectors, and asset types, with over 90 underlying facilities across over 30 individual investments.

Alpenglow develops and manages freight rail businesses and related transportation assets across North America. It currently owns and operates six rail terminals strategically located in leading industrial markets within Canada and the U.S. Gulf Coast.