Overview
NRE A TRM Equity Company is a prominent entity in the railway industry, specializing in new and remanufactured locomotives, along with a wide range of locomotive products and services. The company operates as a vertically integrated enterprise offering locomotive leasing, repairs, field services, parts, and salvage operations. Its customer base includes Class 1 railroads, regional lines, short lines, government agencies, and industrial railroads. Headquartered in Mount Vernon, Illinois, NRE operates across six continents including North America, Asia, and Africa.
Acquisition and Financial Background
In May 2023, TRM Equity II, a leading private equity firm, acquired certain assets of National Railway Equipment Co. (NRE), enhancing its strategic presence in the locomotive industry. The acquisition was supported by a $25 million asset-based credit facility from Siena Lending Group. NRE’s strategic positioning within TRM Equity's portfolio signifies its strengthening operational capabilities and market reach.
Leadership and Key Personnel
- Merritt Becker: Appointed Chief Executive Officer in June 2022, spearheading the company’s executive strategies.
- Lalu Prasad: Chief Operating Officer, provides strategic vision with extensive leadership experience in locomotive maintenance and operations.
- Kraig Roberts: Chief Commercial Officer, focuses on commercial strategy and market expansion.
- Bryan Chaisson: Senior Vice President of Engine/TRM NRE Power Systems, with a vast background in the diesel engine industry.
- Ryan Floyd: Director of Purchasing, oversees the procurement process ensuring resource availability.
- Charity Franklin: Director of Human Resources, manages recruitment and personnel operations, vital for supporting over 300 employees.
- Paul Seguin: Vice President of Sales, leads sales strategies supported by sales directors like Albert Aldazabal and Seth Cullers.
Operations and Technical Infrastructure
NRE A TRM Equity Company's operations boast a workforce of approximately 201-500 employees and an annual revenue of about $75 million. The company utilizes a range of technology products including Font Awesome, Adobe Fonts, and yepnope.js for web development. Operating systems such as Microsoft and Debian support its digital framework, while security technologies like Imunify360, X-XSS-Protection, and HSTS ensure robust online protection.
Market Position and Industry Engagement
NRE operates under the SIC Code 3743 (Railroad Equipment) and NAICS Code 531311 (Residential Property Managers). The company caters to a global clientele with extensive product offerings in the rail, marine, and power sectors. Founded in 1984 by Lawrence Beal, NRE is acknowledged as the largest independent supplier of new and remanufactured locomotives, with fifteen facilities worldwide. These facilities support capabilities in manufacturing new and rebuilt mechanical materials and electrical components, complemented by technical support and field services.
Competitive Landscape
NRE's primary competitors include Brookville Equipment Corporation, Railway Technology, and Rapido, all of which manufacture locomotives and transportation solutions presenting both challenges and growth opportunities for NRE.
Contact and Communication
Professional inquiries can be made through email formats such as F.Last@nre.com (e.g., J.Doe@nre.com), and the primary contact number is +1-270-444-. For more information, visit the company's official website at [nre.com](https://nre.com) or its LinkedIn page for industry updates and professional engagement.
