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USA: Transport asset investor Amergin Asset Management’s Amergin Rail business has acquired PNC Bank’s lease fleet of more than 6 000 wagons.

‘This acquisition is consistent with our goal of acquiring attractive transportation assets that will deliver stable risk-adjusted returns for our investors’, said AAM CEO Mark McGreenery on September 20.

Macquarie Capital acted as exclusive financial adviser to AAM, Eversheds Sutherland as external M&A and rail leasing legal counsel, and Womble Bond Dickenson acted as external rail leasing legal counsel.

PNC will continue to provide financing services for the rail industry.