Infrastructure
Patriot Rail to Acquire Pioneer Lines, Enhancing Rail Shipper Capabilities for Customers
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…
Read MoreUnder 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…
Read MoreRelated, 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…
Read MorePioneer 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…
Read MorePioneer 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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