Pennsylvania-Based PowerRail Announces Strategic Partnership with New Heritage Capital

The investment was made through Heritage’s Private IPO® solution, allowing PowerRail’s management team to retain operational control while gaining capital to support faster growth. Financial terms were not disclosed.

PowerRail is a leading global supplier, and remanufacturer of aftermarket locomotive parts and engineering solutions for the rail industry, dedicated to reducing maintenance costs and supporting sustainable operations.

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“This is an exciting new chapter for us,” said Kevin Wright, CEO of PowerRail. “With the support of New Heritage, we will be better positioned to scale our operations, expand our product portfolio, pursue strategic acquisitions and continue delivering exceptional value to our customers.

Bret Kuchenbecker, Principal at Heritage, added, “PowerRail’s breadth of products, technical capabilities and reputation for service have made it a trusted leader in the locomotive aftermarket. We are excited to partner with the founder, and management team to support the company’s next phase of growth.

About PowerRail

Founded in 2003 PowerRail provides locomotive parts remanufacturing services and engineering solutions for the global rail industry. The company operates manufacturing and distribution facilities across the U.S.

About New Heritage Capital

Founded in 2006, New Heritage Capital is a Boston-based private equity firm that partners with growing, founder owned businesses. The firm provides growth capital and liquidity while allowing founders and management team's to maintain operational control.

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