regional rail 3i

It is Levine Leichtman Capital Partners has sold Regional Rail to 3i Group plc. Buyer is UK-based 3i, an investment firm that announced the investment in April. Formed in 2007, Regional Rail is an operator of short line railroads and rail … 3i Group has announced an agreement to invest in Regional Rail, an owner and operator of short-line freight railroads and rail-related businesses throughout the mid-Atlantic United States. It is the the parent company of East Penn Railroad LLC (ESPN), Middletown & New Jersey Railroad, LLC (MNJ), Tyburn Railroad, LLC (TYBR), and Diamondback Signal, LLC. The Port of Morehead City handles a variety of dry and liquid bulk cargoes, as well as lumber, rubber, and assorted project cargoes. In 2019, Levine Leichtman Capital Partners sold Regional Rail to 3i RR Holdings GP, LLC, the US rail subsidiary of the private equity firm based in the United Kingdom. Requesting access to right of way and associated real estate along any of our railroads is straight forward with inquiries being handled in a timely manner. Financial terms weren’t announced. [10] In November 2019, Regional Rail purchased the Florida Central Railroad , Florida Midland Railroad and Florida Northern Railroad from Pinsly Railroad Company . 01 Apr 2019 3i Group plc today announces an agreement to invest in Regional Rail, LLC , a leading owner and operator of short-line freight railroads and rail-related businesses... | April 4, 2021 (610) 925-0131 Phone All customers can realize the benefits of rail shipping through transloading by entering into a transload operation on one of our railroads. 3i Group Invests In Regional Rail. Investment management firm 3i Group announced this week it has invested in Regional Rail LLC, an owner and operator of short lines in the Mid-Atlantic states. The Port offers warehousing as well as open storage, and is strategically located only 4 miles from the Atlantic Ocean. Its core investment markets are northern Europe and North America. LLCP sells Regional Rail to 3i. Rob Collins, Managing Partner, 3i North American Infrastructure, commented: “This is an exciting opportunity to partner with an established management team as we seek to put additional capital to work in North American rail infrastructure. Diamondback Signal, provides signal installation and maintenance services across 20 states and over 70 class II & III railroad customers. 3i-backed Regional Rail, a leading owner and operator of short-line freight railroads and rail-related businesses in the U.S., has agreed to acquire Carolina Coastal Railway, Inc. (“Carolina Coastal”) which operates 180 miles of freight railroad in North Carolina and South Carolina, subject to authorisation from the Surface Transportation Board. The vision of Regional Rail, LLC is to acquire or create a core group of short-line railroads and or rail related companies, and to manage these companies according to best practices in the industry. With numerous transload sites and partners, we can assist in the logistics of setting up a successful transload operation. Tyburn Railroad (TYBR) operating a 14-acre rail to truck transload facility, a trucking company providing regional delivery services, and a terminal switching operation in Morrisville, PA (midway between New York and Philadelphia). 29 Oct 2019 Regional Rail expands its geographic footprint through acquisition of Pinsly Railroad Company’s Florida operations. Our experts will help you … Pinsly’s Florida operations include the Florida Central Railroad, the Florida Midland Railroad and the Florida Northern Railroad. The acquisition, announced Monday by Regional Rail’s parent company 3i, a U.K.-based private equity firm, is subject to approval by the Surface Transportation Board.Financial terms weren’t disclosed. Regional Rail LLC 3i Group will acquire short-line railroad owner and operator Regional Rail LLC from Levine Leichtman Capital Partners, said a source close to the situation.. Headquartered in Kennett Square, Pennsylvania, Regional Rail is … Headquartered in Kennett Square, Pennsylvania, Regional Rail is an operator of short line railroads and rail-related businesses in … 4/1/19. Regional Rail, which is backed by 3i, has agreed to acquire Pinsly Railroad Company’s Florida operations.No financial terms were disclosed. 3i-backed Regional Rail, a leading owner and operator of short-line freight railroads and rail-related businesses in the U.S., has agreed to acquire Carolina Coastal Railway, Inc. (“Carolina Coastal”) which operates 180 miles of freight railroad in North Carolina and South Carolina, subject to authorisation from the Surface Transportation Board. The company’s wholly owned subsidiary, Diamondback Signal, is the premier provider of rail-crossing installation and maintenance services to over 100 public- and private-sector customers across 20 states. About Regional Rail, LLC. Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, announced today that it has completed the sale of short-line operator Regional Rail LLC to 3i Group plc. Florida Central Railroad (FCEN), operating 68 miles of track serving the Orlando, Florida region, Florida Midland Railroad (FMID), operating 28 miles of track serving central Florida, Florida Northern Railroad (FNOR), operating 104 miles of track on two branch lines covers the region north of Tampa, Florida, Carolina Coastal Railway (CLNA), operating 179 miles of track in Eastern North Carolina, including service to the Port of Morehead City, NC. We see tremendous opportunity in the sector and are proud to have the support and asset management expertise of 3i behind us.“, For further information, contact:3i Group plc, 3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Levine Leichtman Capital Partners has sold Regional Rail to 3i Group plc. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com. Regional Rail short lines can provide customized switching services within customer industrial facilities. Pinsly is a … Formed in 2007, Regional Rail provides freight transportation, car storage, and transloading services in New York, Pennsylvania, and Delaware across three railroads and over 155 miles of track connecting into a diversified Class 1 railroad network. Formed in 2007, Regional Rail provides freight transportation, car storage, and transloading services. Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, announced today that it has completed the sale of short-line operator Regional Rail LLC to 3i Group plc.. Based in Kennett Square, Pennsylvania, Regional Rail operates short lines and rail-related businesses in the U.S. Mid-Atlantic region with more than 155 miles of track. 3i-backed Regional Rail, a leading owner and operator of short-line freight railroads and rail-related businesses in the U.S., has agreed to acquire Carolina Coastal Railway, Inc. (“Carolina Coastal”) which operates 180 miles of freight railroad in North Carolina and South Carolina, subject to authorisation from the Surface Transportation Board. 3i Group plc (“3i”) today announces an agreement to invest in Regional Rail, LLC (“Regional Rail”), a leading owner and operator of short-line freight railroads and rail-related businesses throughout the Mid-Atlantic U.S. Regional Rail LLC, a short-line operator acquired by 3i Group plc last year, has agreed to acquire Carolina Coastal Railway Inc., company officials announced today. Terms were not disclosed In a previous release, 3i indicated Regional Rail would be the platform for future investments in rail. KENNETT SQUARE—A Los Angeles-based private equity firm this week completed the sale of Kennett Square-based Regional Rail to 3i Group. 3i agrees to invest in Regional Rail to support growth. In 2018, the company moved more than 13,000 carloads across markets including heating, fuel blending, agriculture, chemicals, and metals. With over 355 miles of track across six railroads, we have ample capacity to assist with short and long-term railcar storage needs for both loaded and empty railcars. Regional Rail will represent 3i’s third infrastructure investment in North America since 2017 and will serve as 3i’s rail infrastructure platform for future investment in the sector. Since inception, the company has seen steady growth of its existing line traffic, successfully expanding to neighbouring regions and into value-accretive, infrastructure services. This will provide improved customer satisfaction, improved profitability, and facilitate long-term growth and continued reinvestment into these companies. The business model of Regional Rail, LLC is to realize the synergies of combining these smaller entities into a larger enterprise, thereby reducing administrative costs, increasing marketing opportunities, improving negotiating position with suppliers and connecting carriers, and increasing the purchasing power of the combined entities. 03 Feb 2020 Regional Rail continues its growth with acquisition of Carolina Coastal Railway. 3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Kennett Square, PA 19348 Carolina Coastal provides freight transportation and... 3i-backed Regional Rail, 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 (“Pinsly”) Florida operations with 208 miles of track across three short-line railroads, subject to authorisation from the Surface Transportation Board. Regulatory information This transaction involved a recommendation of 3i Corporation, a US wholly owned subsidiary of 3i Group. Look no further than Regional Rail’s Industrial Development team. Given our local presence, we can help customers with site selection and development of rail served industrial sites along any of our railroads. Headquartered in Kennett Square, Pennsylvania, Regional Rail is an operator of short line railroads and rail-related businesses in the mid-Atlantic region of the U.S. Its core investment markets are northern Europe and North America. 3i-backed Regional Rail has agreed to acquire Pinsly Railroad Company’s Florida operations, with 208 miles of track across three short line railroads, subject to authorization from the Surface Transportation Board. North American rail infrastructure group Regional Rail has expanded its geographic footprint with the acquisition of Pinsly Railroad Company’s Florida operations. Regional Rail will represent 3i’s third infrastructure investment in North America since 2017, and will serve as a platform for future investment in the sector. About 3i Group. No financial terms were disclosed. According to the verified notice, 3i RR intends to acquire 100% of the equity interests of Regional Rail in a transaction in which 3i RR's wholly owned noncarrier subsidiary, Coltrane Merger Sub, LLC, will merge with and into Regional Rail, with Regional Rail continuing as the surviving entity and as a wholly owned subsidiary of 3i RR. No financial terms were disclosed. 10 Jan 2020 3i European Operational Projects Fund agrees to acquire a portfolio of eight projects in France and completes investment in AGESA ; 29 Oct 2019 Regional Rail expands its geographic footprint through acquisition of Pinsly Railroad Company’s Florida operations The North American transportation market is rapidly evolving and Regional Rail is well positioned to benefit from those changes with future acquisitions.”, “We look forward to working with 3i as we continue to focus on servicing our existing customers, growing economic development in our local communities, and expanding into new regions through strategic partnerships and acquisitions. 3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. For further information, please visit: www.regional-rail.com. For further information, please visit: www.3i.com, Regional Rail, LLC is a transportation holding company headquartered in Kennett Square, PA. CLNA serves the Port of Morehead City in North Carolina. 3i Group plc (“3i”) today announces an agreement to invest in Regional Rail, LLC (“Regional Rail”), a leading owner and operator of short-line freight railroads and rail-related businesses throughout the Mid-Atlantic U.S. Levine Leichtman Capital Partners has sold Regional Rail to 3i Group plc.No financial terms were disclosed. 3i is a private equity and and venture capital firm founded in 1945. Most of the ferry operators in these cases set their timetable to run in conjunction with the arrivals and departures of rail services from the stations serving the ferry terminals. The 3i North American Infrastructure managing partner Rob Collins said: “This is an attractive and strategic acquisition for Regional Rail, given the similarities between the businesses. Regional Rail has extensive experience and a proven track record of success in many important areas, primarily focused in the folllowing: Our railroads serve many existing and new industrial development sites. 505 South Broad Street In 2018, the company moved over 13,000 carloads while serving over 70 customers across a diversified set of end-user markets including heating, fuel blending, agriculture, chemicals, and metals. (610) 925-0135 Fax, Regional Rail continues its growth with acquisition of Carolina Coastal Railway, Regional Rail expands its geographic footprint through acquisition of Pinsly Railroad Company’s Florida operations, 3i AGREES TO INVEST IN REGIONAL RAIL TO SUPPORT GROWTH, East Penn Railroad (ESPN), operating 110 miles of track in southeastern Pennsylvania and northern Delaware, Middletown & New Jersey Railroad (MNJ), operating 55 miles of track in Southeastern New York State. “Combined, the two companies will operate 21 line segments across four states, with over 355 miles of track. Short line operator Regional Rail will be acquiring Carolina Coastal Railway, a 180-mile freight rail line located primarily in North Carolina.. Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, announced today that it has completed the sale of short-line operator Regional Rail LLC to 3i Group plc. Formed in 2007, Regional Rail provides freight transportation, car storage, and transloading services in New York, Pennsylvania, and Delaware across three railroads and over 155 miles of track connecting into a diversified Class 1 railroad network. 3i Group plc (“3i”) today announces an agreement to invest in Regional Rail, LLC (“Regional Rail”), a leading owner and operator of short-line freight railroads and rail-related businesses throughout the Mid-Atlantic U.S. 3i Group plc said April 1 that it agreed to invest in Regional Rail LLC. For further information, please visit: www.3i.com About Regional Rail, LLC Regional Rail, LLC is a transportation-holding company headquartered in Kennett Square, PA. A transportation holding Company headquartered in Kennett Square, PA logistics of setting up a successful transload operation more 13,000. 4 miles from the Atlantic Ocean line segments across four states, with over 355 miles of track geographic... 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