Beacon Rail
Beacon Rail is a rolling stock company owned by JPMorgan Chase.History
In May 2008, Mitsubishi UFJ Financial Group purchased Allco Finance Group's European rolling stock leasing business. In January 2009 it was rebranded Beacon Rail. Its initial fleet comprised 15 class 66s leased to Fastline and Freightliner, 12 Bombardier Traxxs and 15 coal wagons.
In 2009, Beacon Rail purchased HSBC Rail's European business with 20 EMD JT42CWR locomotives. In 2012 it purchased its first passenger stock with twenty Class 313s on lease to Southern acquired from Eversholt Rail Group. In 2014, the business was sold to Pamplona Capital Management. In 2016 Ascendos Rail Leasing was purchased.
In 2017, Beacon Rail was purchased by JPMorgan Chase. By this stage its portfolio included 190 locomotives, 944 freight wagons and 20 passenger trains. Shortly after, 352 Class 220 and 221 carriages were purchased from subsidiaries of Lloyds Bank and Royal Bank of Scotland. In 2018, 67 locomotives were purchased from Colas Rail.
