Sidley Leads PE Investment in Crude by Rail Deal

By Kerry Curry — October 1 — Amid all the mergers, acquisitions and joint ventures in oil and gas exploration, production and pipelines that are centered around companies taking advantage of new technologies, an old business sector is experiencing a quiet but significant amount of attention from investors: trains.

“Crude by rail is a hot story,” said Cliff Vrielink, a partner in the Houston office of Sidley Austin and one of the lead advisers for Energy Capital Partners, a New Jersey-based private equity fund that is investing in building, operating and managing rail terminals used to transport crude oil in Texas — a growth area with strong potential as domestic oil production ramps up.