USA: Boston-based private equity firm New Heritage Capital has invested in PowerRail, which provides aftermarket locomotive parts and components as well as remanufacturing and engineering services for the global rail industry. It supplies components including bearings and journal boxes, electrical rotating parts, engine components, compressors, pumps and motors. ‘PowerRail’s breadth of products, technical capabilities and reputation for service have made it a trusted leader in the locomotive aftermarket’, said Bret Kuchenbecker, Principal at New Heritage Capital. Through capital and strategic support, we will help management continue to expand PowerRail’s ability to serve its customers.’ ‘Paul built this company from the ground up and has devoted the past 23 years to its success’, said Wright.