Press Release Summary
Date: August 3, 2026
Location: Minneapolis
Company Mentioned: Northborne Partners
Investment Partner: InfraRed Capital Partners (IRC)
Highlights:
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Strategic Investment Announcement:
- Northborne Partners acted as the exclusive financial advisor to Rail Modal Group (RMG) for its strategic investment from InfraRed Capital Partners.
- Financial details of the transaction were not disclosed.
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About Rail Modal Group (RMG):
- Established in 2018 and led by Greg Oberting.
- Focuses on efficiently moving freight from producers to foreign ports through an extensive inland terminal network, serving as critical infrastructure in the agricultural supply chain.
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Statements:
- Ben Marks, Managing Director at Northborne, praised RMG’s robust platform and its role in connecting U.S. producers to global markets.
- Greg Oberting, RMG’s CEO, highlighted Northborne’s understanding of their business and how it facilitated the partnership with InfraRed, aiming for long-term growth.
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Northborne’s Track Record:
- This transaction is Northborne’s 17th rail-related deal in the past five years, showcasing its expertise in the rail and rail services sector.
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Other Information:
- Legal Counsel: Koley Jessen represented RMG.
- Northborne specializes in M&A advisory for middle-market businesses across various sectors, with additional offices in Atlanta, GA.
- InfraRed manages approximately $13 billion in equity capital globally.
For more information, visit Northborne Partners and Rail Modal Group.