Connor, Clark & Lunn Infrastructure and Alpenglow Rail expand North American rail business

On August 5, 2020, Connor, Clark & Lunn Infrastructure ("CC&L Infrastructure") and its partner, Alpenglow Rail LLC ("Alpenglow"), announced the expansion of their North American rail business with the acquisition of USA Rail.

Terms of the transaction were not disclosed.

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

USA Rail is a Texas-based short-line rail logistics business, providing critical first and last mile rail transportation and storage solutions to an established, blue chip customer base in the Gulf Coast region of the United States.

Connor, Clark & Lunn Infrastructure invests in middle-market infrastructure and infrastructure-like assets with highly attractive risk-return characteristics, long lives and the potential to generate stable cash flows. CC&L Infrastructure is a part of Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm whose affiliates collectively manage over C$77 billion in assets.

Alpenglow Rail develops and manages short line rail businesses and related transportation assets across North America and is actively seeking acquisitions of and partnerships with short line railroads and related transportation businesses.