Patriot Rail Company LLC today announced it has entered into an agreement to acquire Denver-based Pioneer Lines, Inc., a railroad holding company operating 15 short line railroads across 12 states, from BRX Transportation Holdings.
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A year ago, BRX Transportation Holdings LLC purchased Pioneer Railcorp. A partnership between Related Fund Management subsidiary Related Infrastructure, Arkadia Capital Rail Partners and Stephens Capital Partners LLC, BRX bought the short-line holding company as a platform investment and installed BRX partner Alex Yeros as its leader.
Related Fund Management, Arkadia Capital Rail Partners, and Stephens Capital Partners LLC today announced the acquisition of Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company.
Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, today announced that its shareholders have approved the previously announced definitive merger agreement with BRX Transportation Holdings, LLC (“BRX”), an entity formed by Arkadia Capital Rail Partners (“Arkadia Capital“), Related Infrastructure (“Related”) and Stephens Capital Partners LLC (“Stephens“)
Pioneer Railcorp Shareholders Approve Merger Agreement With BRX Transportation Holdings Read More »
Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, and BRX Transportation Holdings, LLC (“BRX”), an entity formed by Arkadia Capital Rail Partners (“Arkadia Capital“) and Related Infrastructure (“Related”), announced entry into a definitive merger agreement under which BRX will acquire Pioneer for $18.81 per share in cash.
Driving rail’s value proposition: Facilitating Freight April 6, 2016 Who controls our infrastructure?
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