Skip to main content

Nixon Peabody LLP

  • People
  • Capabilities
  • Insights
  • About
Trending Topics
    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni
    Practices

    View All

    • Affordable Housing
    • Community Development Finance
    • Corporate & Finance
    • Cybersecurity & Privacy
    • Entertainment & Media
    • Environmental
    • Franchising & Distribution
    • Government Investigations & White Collar Defense
    • Healthcare
    • Intellectual Property
    • International Services
    • Labor, Employment, and Benefits
    • Litigation
    • Private Wealth & Advisory
    • Project Finance
    • Public Finance
    • Real Estate
    • Regulatory & Government Relations
    Industries

    View All

    • Aviation
    • Cannabis
    • Consumer
    • Energy
    • Financial Services
    • Healthcare
    • Higher Education
    • Infrastructure
    • Manufacturing
    • Nonprofit Organizations
    • Real Estate
    • Sports & Stadiums
    • Technology
    Value-Added Services

    View All

    • Alternative Fee Arrangements

      Developing innovative pricing structures and alternative fee agreement models that deliver additional value for our clients.

    • Continuing Education

      Advancing professional knowledge and offering credits for attorneys, staff and other professionals.

    • Crisis Advisory

      Helping clients respond correctly when a crisis occurs.

    • DEI Strategic Services

      Providing our clients with legal, strategic, and practical advice to make transformational changes in their organizations.

    • eDiscovery

      Leveraging law and technology to deliver sound solutions.

    • Environmental, Social, and Governance (ESG)

      We help clients create positive return on investments in people, products, and the planet.

    • Global Services

      Delivering seamless service through partnerships across the globe.

    • Innovation

      Leveraging leading-edge technology to guide change and create seamless, collaborative experiences for clients and attorneys.

    • IPED

      Industry-leading conferences focused on affordable housing, tax credits, and more.

    • Legal Project Management

      Providing actionable information to support strategic decision-making.

    • Legally Green

      Teaming with clients to advance sustainable projects, mitigate the effects of climate change, and protect our planet.

    • Nixon Peabody Trust Company

      Offering a range of investment management and fiduciary services.

    • NP Capital Connector

      Bringing together companies and investors for tomorrow’s new deals.

    • NP Second Opinion

      Offering fresh insights on cases that are delayed, over budget, or off-target from the desired resolution.

    • NP Trial

      Courtroom-ready lawyers who can resolve disputes early on clients’ terms or prevail at trial before a judge or jury.

    • Social Impact

      Creating positive impact in our communities through increasing equity, access, and opportunity.

    • Women in Dealmaking

      We provide strategic counsel on complex corporate transactions and unite dynamic women in the dealmaking arena.

    1. Home
    2. Who We Are
    3. Media
    4. Nixon Peabody advises National Railway Equipment in sale of selected assets

      Media

    Nixon Peabody advises National Railway Equipment in sale of selected assets

    May 3, 2023

    LinkedInX (Twitter)EmailCopy URL

    Contact

    Mitch Simon

    Media Relations Specialist

    • Office +1 312.977.9281
    • msimon@nixonpeabody.com

    Chicago, IL. Nixon Peabody LLP advised National Railway Equipment Co. (NRE) in the sale of substantially all of its assets to TRM Equity II (TRM).

    NRE is an independent supplier of locomotive servicing, new and remanufactured locomotives, locomotive leasing, field services, parts, and salvage operations, serving Class 1, regional, short line, government, and industrial railroads globally. This transaction clears a path for a new company, TRM NRE, to optimize its capabilities and capitalize on a large backlog of orders caused by a shifting market environment, inflation, global supply chain issues, and a tragic leadership change. Nixon Peabody advised NRE in the transaction, restructuring of debt, and the termination of its employee stock ownership plan (ESOP).

    “NRE is a vital resource for locomotive and marine operators around the world and, like many other industries, experienced supply chain challenges and bottlenecks over the past few years unlike we’ve seen before,” said Gary Levenstein, a partner in Nixon Peabody’s Corporate practice, who co-led the NRE deal team. “This transaction allows NRE to build on the positive impact the company creates for its customers, employees, and communities.”

    Levenstein co-led the Nixon Peabody team with partner Richard Pedone. The team also included partners Brian Alcala, Patrick Cox, Robert Drobnak, Yelena Gray, and Samuel Kim; counsels Scott Alsterda and Christopher Fong; associates Anthony Bova, Jacalyn Smith, and Marc Zhang; and paralegal Astrid McGruder.

    Locations

    Chicago

    Practices

    Corporate & Finance

    Industries

    Manufacturing

    Professionals in the Practice Area

    View All
    • Christopher P. Keefe

      Partner / Chair, Business & Finance Department
      • Boston
      • Office:+1 617.345.1350
      • ckeefe@nixonpeabody.com
      Christopher P. Keefe
    • Todd Tidgewell

      Partner / Leader, Corporate Practice Group
      • Albany
      • Office:+1 518.427.2705
      • ttidgewell@nixonpeabody.com
      Todd Tidgewell
    • Philip B. Taub

      Partner / Head of Private Equity
      • Boston
      • Office:+1 617.345.1165
      • ptaub@nixonpeabody.com
      Philip B. Taub
    • Lori B. Green

      Partner / Co-Leader, M&A & Corporate Transactions Team / Co-Leader, Cannabis Practice
      • Rochester
      • Office:+1 585.263.1236
        Mobile:+1 585.281.3076
      • lgreen@nixonpeabody.com
      Lori B. Green
    • Robert A. Drobnak

      Partner / Practice Group Co-leader, Global Finance
      • Chicago
      • Office:+1 312.977.4348
      • radrobnak@nixonpeabody.com
      Robert A. Drobnak
    View All

    Insights And Happenings

    • Press Release

      Nixon Peabody advises Resilinc in strategic growth investment

      May 22, 2023
    • Press Release

      Nixon Peabody report suggests MAC clauses have become permanent fixture for managing deal risk

      May 18, 2023
    • Press Release

      Nixon Peabody team secures reversal of parent’s conviction in college admissions case

      May 10, 2023

    Subscribe to stay informed of the latest legal news, alerts, and business trends.Subscribe

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni
    • Cookie Preferences
    • Privacy Policy
    • Terms of Use
    • Accessibility Statement
    • Statement of Client Rights
    • Purchase Order Terms & Conditions
    • Nixon Peabody International LLC
    • PAL
    © 2025 Nixon Peabody. All rights reserved