One Equity Partners has invested in Metro East Industries, an Alorton, Illinois-based provider of railcar and locomotive maintenance and repair services, for undisclosed terms. The company provides services to Class 1 railroads, rail leasing companies, short lines, and other rolling stock and locomotive operators.

"Rail is a vital pillar of the North American economy, and rail services is a market in which OEP has prior experience. We are thrilled to be partnering with the Ortyl family and to be supporting the company's next phase of growth while maintaining its heritage of excellence for customers and employees," said J.B. Cherry, partner at One Equity Partners.

Rick Ortyl serves as CEO of MEI. MEI was founded in 1990.