National Railway Equipment Company

NRE Assets Acquired

Southfield, Mich.-based TRM Equity II (TRM) on May 2 acquired certain assets of National Railway Equipment Co. (NRE), which it said “clears the way financially for NRE to unlock its potential and execute on a large and growing backlog of orders.” With headquarters in Mount Vernon, Ill., NRE provides locomotive, marine and engine services, specializing in manufacturing, rebuilds, repair, modernization and maintenance.