By Sabela Ojea
Blue Owl Capital’s investment advisory firm Amergin Asset Management has acquired PNC Bank’s operating railcar portfolio.
The capital market company said Wednesday that PNC Bank’s portfolio includes more than 6,000 railcars under management, which are leased to several companies across the U.S.
PNC will continue to provide traditional financing products and services to the rail and transportation industry, Amergin Asset Management said.
The company didn’t disclose financial details on the transaction.
Write to Sabela Ojea at [email protected]
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