InfraRed Capital Partners acquires majority stake in Rail Modal Group to fuel growth

By Jeff Berman

Earlier today, London-based global infrastructure asset manager InfraRed Capital Partners announced that one of the company’s value-added funds has acquired a

majority stake in Albany, N.Y.-based Rail Modal Group (RMG).

Greg Oberting, Rail Modal Group Founder and CEO

Financial terms for the transaction were not disclosed.

RMG was established in 2018 by Greg Oberting, who has served as founder and CEO, remains invested in the company, and will continue to oversee its operations. RMG is an intermodal logistics services provider, operating a network of privately operated intermodal terminals providing services to inland containerized export shippers. 

The company partners with freight railroads and ocean carriers through its inland terminals, delivering what it describes as “an integrated containerized export solution for U.S. shippers,” while also providing cost-effective transportation and greater access to global markets for producers and processors that are not in close proximity to marine ports and intermodal options. It added that through the facilitation of efficient end-to-end transportation, from producer to port, RMG serves as critical agricultural supply chain infrastructure.

What’s more, RMG noted that its large-scale terminals consolidate producers’ export freight onto full-length 100-plus railcar unit trains with on-dock service into U.S.-based West Coast ports. Going back to its founding in 2018, RMG said it has shipped more than 1,200 unit trains, which serve as the equivalent of roughly 200 million truck miles. Helping to put those figures into perspective, RMG noted that intermodal rail transloading serves more than 20 million containers on an annual basis; more than 40% of U.S. long-distance freight moves via rail; and the $1.5 trillion U.S. agriculture sector has a large portion of its production located far from marine export terminals and major inland intermodal hubs.

“This transaction represents an important milestone in the evolution of Rail Modal Group and is a testament to the hard work and dedication of the entire RMG team,” said RMG’s Oberting. “InfraRed demonstrated a strong understanding of our business, our industry, and the essential role that RMG plays in the North American supply chain. Its experience scaling infrastructure platforms, together with its long-term investment approach, makes InfraRed an ideal partner for RMG. I am excited to continue leading RMG as CEO and expand the services we provide to our customers, transportation partners, and the communities that we serve.”

Filip Guz, Partner and Head of Americas Investments at InfraRed Capital Partners, said that RMG is an established, asset-backed platform providing essential infrastructure to customers across the agricultural and logistics supply chains.

“The company has developed a differentiated network, strong customer relationships, and a compelling pipeline of growth opportunities,” said Guz. “We have been impressed by Greg and the RMG management team and by what they have built to date. We look forward to supporting the company with capital, infrastructure expertise, and operational resources as it expands its network and realizes its long-term potential.”

Looking ahead, RMG said that its focus is on continued investment in growth, with a focus on expanding capacity and resilience at its existing terminals, as well as broadening service capabilities and developing additional locations.

In a previous interview with LM, RMG’s Oberting explained that the impetus for establishing the company stemmed from a strategy he developed through his nearly three decades of experience in the commodity trading sector for agricultural commodities, which entailed developing a logistics-focused solution for rural locations that were dislocated from freight transportation services, particularly intermodal.

“What we ended up doing was taking a grain elevator facility where large amounts of soybeans are stored in eastern Nebraska, and we took that facility and repurposed it into an intermodal terminal,” he said. “The best way to describe it is like an inland port. What we do is take intermodal containers that are in abundance in places like Chicago and Dallas, for shipments of commodities back to Asia. The reason there is an abundance is that the U.S. imports twice as much as it exports in containers. That led us to develop a solution that is beneficial to the container shipping companies and the railroads, and also helps the U.S. supply chain, where we are filling empty freight capacity.”

That led to RMG working in partnership with BNSF Railway and some steamship lines to develop a strategy to reposition those containers that were empty in locations like Chicago and move them into inland depot locations RMG was developing, handle those containers in those RMG-developed depots, and have them loaded at locations anywhere from five to 20 miles away with exportable products, explained Oberting. At which point, he said, those containers are then brought back to an RMG export terminal and put on trains to be delivered to West Coast port terminals, loaded onto vessels, and then moved for export.

This article was originally posted on August 3, 2026 on https://www.logisticsmgmt.com/article/infrared_capital_partners_acquires_majority_stake_in_rail_modal_group_to_fuel_growth