Alberta Midland Railway Terminal was acquired by Connor, Clark & Lunn Infrastructure and Alpenglow Rail

Karel Novak, Published on 31/10/2022
Alberta Midland Railway Terminal was acquired by Connor, Clark & Lunn Infrastructure and Alpenglow Rail
@albertamidlandrail.com

Alberta Midland Railway Terminal (AMRT), which is situated in Lamont country, Alberta, provides critical first and last-mile transportation and logistics solutions to an established local customer base. This is the latest investment through a partnership established by CC&L Infrastructure and Alpenglow in 2019 that has since grown to include six rail terminals across Canada and the United States.


AMRT, which can 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 $40 billion in investments. AMRT is served by both CN and CP (the only Class I railroads in the region) and is situated near industrial markets and large-scale customers.

“Our rail business has continued to deliver strong performance throughout the turbulent market conditions we have experienced over the past three years and AMRT represents an important addition to our growing rail investment portfolio,” said Matt O’Brien, President of CC&L Infrastructure. “We look forward to working alongside our partners at Alpenglow to drive further growth at AMRT and create long-term value across our broader rail business.”

This investment further advances CC&L Infrastructure and Alpenglow’s plan to develop and operate a diversified portfolio of rail businesses across North America. With the acquisition of AMRT, the partnership comprises three terminals in the U.S. Gulf Coast and three terminals in Canada, providing an array of services to a blue-chip corporate customer base.

“We are excited to expand our North American presence with the acquisition of AMRT,” said the CEO of Alpenglow, Rich Montgomery. “We see an opportunity to leverage our expertise to pursue significant growth including new customer service offerings. AMRT has some unique features that are difficult to replicate, including dual Class I service, a strategic location in Alberta’s premier industrial hub, and ample land for development and expansion. These features coupled with our proven approach focused on customer service and safety provide potential to add significant value over the life of the asset.”

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

CC&L Infrastructure invests in middle-market infrastructure assets with attractive risk-return characteristics, long lives, and the potential to generate stable cash flows.

@albertamidlandrail.com
@albertamidlandrail.com

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