US Capital Partners Inc. has advised on a $5 million Series-A preferred equity raise for Food by Rail Logistics Holdings Inc. Food by Rail will provide state of the art refrigerated boxcars for transporting food and beverages with a stacking system to use more cube capacity.
Food by Rail aims to develop an environmentally focused logistics and food transportation business.
“We are pleased to have advised on this $5 million equity raise for Food by Rail,” said Jeffrey Sweeney, Chairman and CEO at US Capital Partners. “Food by Rail approached our firm to raise pre-revenue funding to launch the company and develop the business. US Capital Partners provided financial and strategic advice to the company, helping position the business for private placements.”