Beacon Rail

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Beacon Rail is a rolling stock company (ROSCO) based in the United Kingdom. Its primary business is the leasing of locomotives and rolling stock to various train operating companies (TOCs). The company originated within Allco Finance Group's European rolling stock leasing business, which was acquired by the Japanese firm Mitsubishi UFJ Financial Group and rebranded as Beacon Rail shortly thereafter. Initially operating a relatively small fleet, it quickly moved to acquire new rail vehicles, such as the Class 68 and the Class 88, along with the buying out of competing firms such as HSBC Rail and Ascendos Rail Leasing. In 2017, Beacon Rail was purchased by the multinational investment group JPMorgan Chase; at this point, the company had almost 200 locomotives in its inventory. Rolling stock deals with other companies have continued, such as with Colas Rail, Stadler Rail, and the Clayton Equipment Company and CAF. In January 2026, Beacon acquired Eversholt Rail, formerly one of the big three ROSCOs in the UK.