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.
Configure Partners Advises Paceline Equity Partners on its Refinancing of RELAM
Atlanta, GA — Configure Partners, LLC (“Configure”), a leading middle market investment bank, is pleased to announce the successful completion of a financing for 1435 Rail Equipment Leasing and Maintenance, Inc. (“RELAM” or the “Company”), a portfolio company of an affiliate of Paceline Equity Partners, LLC (“Paceline”). 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.”
About RELAM (relaminc.com)
Located just outside of Cleveland, Ohio, RELAM provides railroads and third-party contractors with a comprehensive suite of MOW equipment for short- or long-term leasing. RELAM maintains high quality equipment with flexible lease terms. The Company also provides maintenance and construction services for customers who want to further outsource their MOW needs.
About Paceline Equity Partners (pacelineequity.com)
Paceline is a Dallas-based private equity manager focused on value-oriented, opportunistic, and special situations investments across private equity, corporate credit, and real assets. Paceline’s senior leadership team members average 24 years of professional experience. Prior to the formation of Paceline, the senior leadership team worked together for approximately 10 years at a global private equity manager and its affiliates. To learn more, please visit www.pacelineequity.com.
About Configure Partners (configurepartners.com)
Configure Partners is a preeminent credit-oriented middle market advisory boutique headquartered in Atlanta. The firm provides investment banking and financial advisory services surrounding credit and creditor’s rights, providing actionable advice and results-oriented execution. Configure’s Debt Placement practice designs bespoke financing solutions for borrowers to support leveraged buyouts, acquisitions, and dividend recaps, among other strategic objectives. The firm’s Credit Resolutions practice is the trusted advisor to lenders and their borrowers when confronting business, liquidity, or capital structure challenges.