CSX Corporation Acquires Pan Am Railways

RailUSA Acquires CSX's 430-Mile Florida Panhandle Rail Line (Florida Gulf & Atlantic Railroad)

June 3, 2019

Transportation

RailUSA acquired a 430-mile rail line and related real estate from CSX Corporation, creating the Florida Gulf & Atlantic Railroad (FGA) which runs from Baldwin to Pensacola, Florida. The line carries about 30,000 annual carloads, has 65 employees and 18 locomotives; terms were not disclosed. RailUSA is backed by Equity Group Investments and International Rail Partners.

Canadian Pacific Acquires Kansas City Southern

December 14, 2021

Transportation

Canadian Pacific Railway Limited (CP) completed the acquisition of Kansas City Southern (KCS) in a transaction with an enterprise value of approximately USD $31 billion. KCS stockholders will receive 2.884 CP common shares and $90 in cash per KCS common share (and $37.50 for each preferred share); KCS shares were placed into a voting trust pending U.S. Surface Transportation Board approval to create Canadian Pacific Kansas City (CPKC), a single-line railroad linking the United States, Mexico and Canada.

Regional Rail Acquires Indiana Eastern Railroad and Ohio South Central Railroad

November 10, 2023

Transportation

3i-backed Regional Rail has agreed to acquire the Indiana Eastern Railroad and the Ohio South Central Railroad, adding a combined 107 miles of short-line freight track across Indiana and Ohio. The deal expands Regional Rail’s Midwest footprint and strengthens its ability to serve industrial customers in end markets including food & agriculture and chemicals.

PSC Group (Aurora Capital Portfolio) Acquires Steel Line Rail Services LLC

May 16, 2023

Transportation

PSC Group, a portfolio company of Aurora Capital Partners, has acquired the assets of Steel Line Rail Services LLC, a mobile railcar repair, inspection and valve maintenance provider founded in Marshall, Texas. The acquisition expands PSC's railcar repair and mobile service capabilities and broadens its geographic footprint across the U.S., Mexico and Canada.

Patriot Rail Acquires Delta Southern Railroad

September 26, 2022

Transportation

Patriot Rail Company LLC entered into a definitive agreement to acquire Delta Southern Railroad, Inc., a short line railroad operating two line segments in Louisiana serving two Mississippi River ports. The acquisition (terms undisclosed) expands Patriot Rail’s short line network and strengthens its presence and freight options in a chemical and forest-products corridor in Louisiana; the deal remains subject to customary closing conditions and regulatory authorization.

Patriot Rail Acquires Pioneer Lines

September 14, 2022

Transportation

Patriot Rail Company LLC has completed the acquisition of Denver-based Pioneer Lines, Inc., a holding company operating 15 short line railroads, from BRX Transportation Holdings. The deal (completed following regulatory approval) expands Patriot Rail's short line operations from 16 to 31 railroads and extends its service footprint across 23 U.S. states; Patriot Rail is majority-backed by Igneo Infrastructure Partners.