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Short Line of the Year: Napoleon, Defiance & Western

March 19, 2023 Railway Age’s 2023 Short Line of the Year is the Napoleon, Defiance & Western (NDW), a railroad that has gone from “worst to first” with character and grit, nearly $13 million in recent public and private investment, and now with a bright business outlook. “On behalf of the Patriot Rail team, we…

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Patriot Rail to Acquire Pioneer Lines

JACKSONVILLE, Fla., Aug. 8, 2022 /PRNewswire/ — 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. The acquisition, subject to regulatory authorization, will support Patriot Rail’s growth strategy, increasing the Jacksonville, Florida, company’s short line…

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Forum Investment Group & Brookhaven Capital Partners Acquire Land in Denver for Future Multifamily Development

Aug 03, 2022, 12:15 ET Project to Feature 300 Apartment Units on a 2.6-Acre Site Located in the Heart of Denver. DENVER, Aug. 3, 2022 /PRNewswire/ — Forum Investment Group (“Forum”), a Denver-based real estate development and investment firm, along with development partner, Brookhaven Capital Partners (“Brookhaven”), announced today the purchase of a marquee, 2.6-acre…

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Under new ownership and management, Pioneer Railcorp has gained a new lease on business growth

By Jeff Stagl, Managing Editor of Progressive Railroading A year ago, BRX Transportation Holdings LLC purchased Pioneer Railcorp. A partnership between Related Fund Management subsidiary Related Infrastructure, Brookhaven 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. Yeros…

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Related, Brookhaven Rail Partners, and Stephens Complete Acquisition of Pioneer Railcorp, a Premier Owner of Short-Line Railroads and Railroad Related Businesses

NEW YORK, NY – July 31, 2019 – Related Fund Management, Brookhaven 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. Shares of…

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Pioneer Railcorp Shareholders Approve Merger Agreement with BRX Transportation Holdings

NEWS PROVIDED BY Pioneer Railcorp Jul 19, 2019, 16:09 ET PEORIA, Ill., July 19, 2019 /PRNewswire/ — 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…

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Pioneer Railcorp Enters into Merger Agreement to be Acquired by BRX Transportation Holdings for $18.81 Per Share in Cash

NEWS PROVIDED BY Pioneer Railcorp  May 17, 2019, 08:00 ET PEORIA, Ill., May 17, 2019 /PRNewswire/ — 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 Brookhaven…

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