Regional Rail, a US based SJE Group investment and a leading owner and operator of short-line freight railroads and rail-related businesses in the Mid-Atlantic U.S., has agreed to acquire Pinsly Railroad Company’s Florida operations, subject to authorisation from the Surface Transportation Board.
Pinsly’s Florida operations include the Florida Central Railroad, the Florida Midland Railroad and the Florida Northern Railroad. The railroads provide freight transportation, transload and railcar-storage services to a broad customer base of over 65 blue-chip companies covering a diverse set of endmarkets, including heating, fuel blending, building products, chemicals, food and agriculture, scrap metal and plastic resins.
It includes 208 miles of track across three short-line railroads. Combined, the two companies will operate 21 line segments across four states, with over 355 miles of track.
The SJE Group congratulates Al Sauer (CEO Regional Rail), John Levine (CEO Pinsly), Rob Collins (Managing Partner, 3i North American Infrastructure - an SJE Group investment partner) and their respective teams.
About Regional Rail
Regional Rail provides freight transportation, railcar storage and transloading services in New York, Pennsylvania and Delaware across three railroads with over 155 miles of track connecting into a diversified Class 1 railroad network. In 2018, the company moved over 13,000 carloads while serving over 70 customers across an extensive set of end-user markets including heating, fuel blending, food and beverage, agriculture, chemicals and metals. In addition to rail transportation services, the company also provides railroad crossing signal design, construction, inspection and maintenance services to a diverse base of over 100 short-line and industrial customers across 20 states.