Alpenglow Rail (Alpenglow), a Denver-based firm specializing in investing in, operating and growing rail businesses has announced the acquisition of Orange Rail Inc. (Orange Rail) from LJA Investments based in Houston, Texas.
Orange Rail is a newly constructed rail terminal located in Orange, Texas with class 1 railroad access to both the Union Pacific and BNSF railroads. Orange Rail consists of a loop track capable of handling 120 car unit trains along with approximately 600 railcar storage spots. Phase 1 construction of Orange Rail was completed by LJA in the summer of 2021 and today the facility has a diverse base of blue-chip rail customers.
Orange Rail will now join USA Rail Terminals, which is one of Alpenglow’s Gulf Coast portfolio firms. (See December 8, 2020 TRA Newswire story).
"We are very excited to add Orange Rail to our USA Rail portfolio," said CEO of Alpenglow, Rich Montgomery. "At USA Rail we serve many of the same customers that will benefit from the acquisition of Orange Rail. This provides excellent optionality for our customer base to execute a single agreement with USA Rail while handling their rail needs across multiple terminals and markets. Uniquely positioned to serve core Gulf Coast petrochemical and industrial centers, our new terminal in Orange is truly one of the most versatile rail terminals in the region. In the near future, it will be able to handle unit trains, store more than 1,200 railcars, provide truck to rail or rail to truck transloading services, and offer railcar cleaning and repair to our customers. LJA did an excellent job designing and building this facility."
Orange Rail sits on 130 acres of land in Orange, Texas, a growing hub for petrochemical manufacturing. Additionally, Orange Rail is strategically located between Beaumont, Texas and Lake Charles, Louisiana. These two industrial centers are home to the largest refineries and petrochemical plants in North America.
The Orange Rail acquisition is part of the ongoing expansion of CC&L Infrastructure and Alpenglow's established partnership, which was formed in 2019 to develop and operate a diversified portfolio of rail businesses across North America. It will join one of Alpenglow's Gulf Coast portfolio companies, USA Rail Terminals, which has established rail terminals in Port Arthur, Texas and Baton Rouge, Louisiana. The long-term vision of USA Rail Terminals is to be the Gulf Coast's premier partner for rail transportation, transloading, and railcar storage.