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2015-03-02 EVE-001
Eversholt Rail Group

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Eversholt Rail sells freight wagon fleet


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rolling stock leasing
ROSCOs
freight



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Eversholt Rail Group

Eversholt Rail sells freight wagon fleet
_______________________________________________________________


date
2 March 2015
source Eversholt Rail Group
type Press release



Eversholt Rail Group today announces the sale of its freight wagon fleet to Nacco (U.K.) Limited, a subsidiary of CIT Group Inc. The sale was completed on 27 February 2015.

The fleet consists of 920 wagons and 63 load units. The vehicles range from container flats and autoballasters to coal and aggregate hoppers and box wagons.

Mary Kenny, Chief Executive of Eversholt Rail Group, said: “We are delighted to have reached this sale agreement with Nacco (U.K.). They are highly experienced operators and will provide a very good home for our freight wagon fleet. The sale will enable us to redeploy resources and focus on our core activities of leasing passenger rolling stock and freight locomotives.”

Dan DiStefano, President of Nacco, A CIT Company, said: “Eversholt Rail is an industry leader in the UK Market and has built a reputation based on strong rail expertise and a deep understanding of the needs of its customers. They have done a tremendous job building strong relationships with their customers and we remain committed to exceptional customer service and maintaining a first class fleet as we expand our presence in the European market.”

- Ends -


Media Enquiries to
For further information, please contact:
Wendy Filer, Eversholt Rail Group
Tel: +44(0) 20 7380 5057

Notes to Editors:

Eversholt Rail Group
Eversholt Rail Group owns UK passenger and freight rolling stock and has more than 20 years of experience in through-life rolling stock asset and project management. Over the past two decades, it has invested more than £2bn in rolling stock and today is a supplier to many the UK’s leading Train Operating Companies.
Further information can be obtained on www.eversholtrail.co.uk

Nacco (U.K.) Limited
Nacco (U.K.) Limited is a subsidiary of Nacco, A CIT Company, the 4th largest private lessor of rail freight wagons in Europe. Headquartered in Paris with offices in Germany and the United Kingdom, Nacco, has over 40 years of experience serving more than 170 customers in 16 countries and maintains a fleet of more than 10,000 railcars.
Further information can be obtained on www.naccorail.com

CIT Group Inc.
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals.

Further information can be obtained on www.cit.com



Railhub Archive ::: 2015-03-02 EVE-001





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