Basalt Infrastructure Partners Agrees to Acquire R.E.L.A.M., a Leading North American Lessor of Rail Infrastructure Equipment

Funds advised by Basalt Infrastructure Partners LLP (“Basalt”) have agreed to acquire R.E.L.A.M., Inc. (“R.E.L.A.M.” or the “Company”), a leading North American lessor of maintenance-of-way (“MOW”) and hi-rail equipment. The transaction is expected to close by the end of May 2026, subject to customary closing conditions. Financial terms were not disclosed.

Rail maintenance is a safety-critical and regulatory-driven activity that supports resilient demand across economic cycles. R.E.L.A.M.’s leasing-focused model is supported by a scaled fleet of long-lived specialized assets, strong customer relationships, and a national footprint that positions the Company as a market leader in rail infrastructure support equipment.

R.E.L.A.M. operates a fleet of approximately 1,500 specialized rail maintenance assets and serves a diversified blue-chip customer base, including railroads, contractors, and other rail infrastructure operators across North America. The Company’s equipment supports the safe, efficient, and reliable maintenance of rail networks.

“R.E.L.A.M. is an excellent fit with Basalt’s strategy of investing in essential infrastructure businesses with resilient demand characteristics and strong growth potential. Its leading position in the rail maintenance equipment leasing sector is supported by a scaled, specialized fleet and long-standing customer relationships. We are pleased to partner with the management team to support R.E.L.A.M.’s continued growth across North America,” said Wil Jones, Partner at Basalt.

Wells Fargo led syndication of the debt financing, with commitment letters executed in connection with signing.

William Blair served as financial advisor, and Holland & Knight LLP served as legal advisor to Basalt.

About R.E.L.A.M.

R.E.L.A.M. is a leading North American provider of maintenance-of-way and hi-rail equipment leasing and related services, supporting rail operators and contractors in the safe and reliable operation of rail infrastructure. The Company operates a fleet of approximately 1,500 specialized rail maintenance assets and serves a diversified customer base across the United States and Canada.

About Basalt

Founded in 2011, Basalt is an investment advisor to certain infrastructure equity investment funds focusing on mid-market investments in utilities, power, and transport infrastructure primarily in North America and Europe. The Funds have invested over US$7bn across 34 investments and have completed 13 realizations.

For more information, please visit  basaltinfra.com/

Media Contact: press@basaltinfra.com