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Rental Division of Progress Rail

Acquisition of Rental Division of
 Rental Division of Progress Rail

Progress Rail Equipment Leasing Corporation (“PRELC”) was purchased from Progress Rail, a wholly owned subsidiary of Caterpillar Inc. PRELC was a leading lessor of railroad maintenance-of-way (MOW) equipment and services and subsequently combined with RELAM.

Asset Class ,

Private Equity

Investment Date

January 2020

HQ Location

Detroit, MI