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Private Equity

New Heritage Backs Locomotive Parts Maker PowerRail

peprofessional

1 month ago

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New Heritage Capital has made an investment in PowerRail, a manufacturer and distributor of aftermarket parts and remanufacturing services for locomotives.

PowerRail supplies the replacement parts and rebuilt components that keep freight and passenger locomotives running, selling both new and remanufactured items and taking worn units in for overhaul. The company’s product line includes the mechanical and electrical hardware that wears out over a locomotive’s decades-long service life includi...

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