Configure Partners completed a financing for 1435 Rail Equipment Leasing and Maintenance, Inc. (“RELAM”), a portfolio company of an affiliate of Paceline Equity Partners. RELAM is the leading provider of maintenance-of-way (“MOW”) equipment, and maintenance and construction services to railroads and third-party contractors.

Configure acted as the exclusive financial advisor and investment banker to RELAM, working closely with the Company through all aspects of the financing. The financing consisted of a revolving credit facility and a term loan.

“We were very pleased with this refinancing, which both reduces RELAM’s cost of capital and provides flexibility for the Company’s ongoing initiatives,” said Leigh Sansone, Chief Investment Officer at Paceline.

“This financing is another major step forward for RELAM to capitalize on its strategic and growth initiatives. Configure’s ability to explain the business model coupled with their deep level of involvement throughout the process made them a great partner for us in the transaction,” said John Roberts, Chief Executive Officer of RELAM.

“Working alongside RELAM and Paceline was incredibly rewarding – we were really an extension of their team,” said Joseph Weissglass, a Managing Director at Configure. “We are fortunate to have developed this partnership and we look forward to more opportunities to work together in the future.”

“We are thrilled to have played a role in this transaction and are confident in RELAM’s continued success,” said James Bardenwerper, Vice President at Configure. “This financing highlights Configure’s ability to source and structure unique capital solutions to meet our clients’ goals.”