About Us

Our Greatest Differentiator

Our understanding of heavy freight operations, contracts, networks, markets, and commercial considerations intersects with financial transactions, combining financial acumen with subject matter expertise enabling insight and true creativity.

Services We Offer

Benefits Analysis

Our team has developed full-spectrum benefits analysis modeling techniques to quantify value accruing to diverse beneficiaries (owners, operators, cargo owners, agencies, the public, and the environment). This knowledge is crucial in structuring partnerships and securing public support for rail and port projects. Applied in public finance both domestically and internationally, our methodology expands upon typical government models to show wholistic benefits beyond the typical grant application BCA.

Financial Modeling

Our financial models not only generate projections and standard ratios, we build in sensitivity and scenario testing with dynamic graphic feedback, enabling our models to be used as solution design tools rather than just fancy calculators. We recently developed the US DOT’s new standard financial model for evaluating private loan applicants to the Build America Bureau’s railroad lending programs.

Railroad Valuations

Our team has pioneered applications of advanced statistical methods to retroactively perform activity-based profitability analysis and improve expense projections for short line railroads, successfully employed in several railroad acquisitions and valuations. Our valuations go beyond applying multiples to earnings, factoring capital programming and risk rating revenues to achieve true free cash flow analysis.

Capital Access Strategies

Given the risk profile and unique characteristics of transportation assets, we find unique applications in structured finance. Also, with diverse economic, commercial, public, and community benefits potentially generated by efficient heavy freight investments, we find opportunities to integrate public and private finance. Many engagements start with mapping a project’s specific capitalization strategy.

Private Placements of Debt and Equity

While our team has and will participate in public offerings, the size of most rail and port projects are best suited to private placements. Our partners collectively hold FINRA licenses 7, 24, 63, 79, and 82. They are registered representatives of and securities are offered through BA Securities, LLC member FINRA, SIPC.  Caplogx, LLC and BA Securities, LLC are separate and unaffiliated entities.

Mergers and Aquisitions

In the private sector, we represent both buy-side and sell-side clients in their pursuit of strategic growth and restructuring along with post-acquisition integration. In the public sector, we assist ports and industrial development authorities in administering concessions of freight transportation assets, while also assisting them in transportation asset acquisitions and divestitures.

Representative Transactions

Completed by Caplogx Principals

Rail Asset Valuation for Port Expansion Project

John Elliott / David Steffens

Freight data analysis, market assessment, alternative site selection analysis for new international intermodal developments.​

Public Belt Railroad Acquisition

John Elliott

Buy-side advisor to the Port of New Orleans, including NOPB railroad valuation, business planning and transition planning for gateway terminal railroad.​

Pier B Yard Operation and Finance Advisor

John Elliott / Frank Onimus/ Carl Belke

Delivered a comprehensive cost-benefit analysis, developed financial models, and wrote the strategic operating plan for the $1.6B project to double port rail capacity.​

Project Flagship Site Selection Advisory

John Elliott / Carl Belke

Developed a $775M integrated turnkey rail, road, and port terminal asset development package, with leaseback to a global petrochemical company.​

 

Eagle Rail Corporate & Project Capitalization

John Elliott / Nikos Petrakakos / Henry Juan / Daneen Small

Business modeling, valuation, and support of commercial negotiations for Port and Rail terminal automation projects. $117M in total financing commitments​.

Port-Rail-Industrial Development Strategy

John Elliott

Advised Mississippi’s lead development agency and Governor’s office on an integrated port-rail-industrial strategy in the context of rail line acquisitions and the state’s rail grant programs.​

Sell Side Representation 58,000 Chassis Pool

Henry Juan / Nikos Petrakakos / John Elliott

Sell-side advisor for the exclusive chassis pool serving the Ports of Savannah, Wilmington, Jacksonville and southeastern states owned by eleven ocean carriers.

 

RRIF Program Standardized Railroad Financial Model

John Elliott / Daneen Small

Developer of the standard model for financial analysis, forward projections, and risk assessment for the US DOT Railroad Rehabilitation and Investment Financing (RRIF) loan program.

Rail Asset Valuation for Port Expansion Project

John Elliott / Frank Onimus

Freight data analysis, market assessment, alternative site selection analysis for new international intermodal developments.

Branch Line Railroad Acquisition Advisor

John Elliott / Carl Belke

Advised the HCDC on asset valuation, financial analysis, operating approaches, and partnership strategy for acquisition and recommissioning of a line serving a large industrial district.

Private Placement Round B Equity

Henry Juan/ Nikos Petrakakos

Business development and investment banking advisor for a $6M Round B raise to a technology company applying artificial intelligence to intermodal terminal operating systems.​

Project H2O - Site Selection Advisory

David Steffens / Taylor Rich

Heavy rail transload site selection for energy sector developer and service provider in the Southeastern United States.

Securities Products and Investment Banking Services are offered through BA Securities, LLC. Member FINRA SIPC.
Caplogx and BA Securities, LLC are separate, unaffiliated entities.

Let’s Build Something

 

[email protected]
230 S. Broad Street, 17th Floor
Philadelphia, PA 19102
(215) 701-0060