Connor Clark & Lunn and Alpenglow Rail completed the acquisition of USA Rail.

Connor Clark & Lunn, a multi-boutique asset management firm, and Alpenglow Rail completed the acquisition of USA Rail, a short-line rail logistics business. Financial terms were not disclosed. "We are excited to expand our portfolio of strategic rail assets and to build on our partnership with the team at Alpenglow. The investment is consistent with our strategy of investing in high-quality, long-duration assets in creditworthy jurisdictions. This acquisition also leverages our experience and established relationships in the rail space, and offers the potential for significant growth," Matt O’Brien, CC&L Infrastructure President.