Patriot Rail Company LLC 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 operations to 31 railroads from 16 and enabling an expanded Patriot to serve customers in new markets in Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Michigan, Mississippi, Ohio, Pennsylvania, and Tennessee. Patriot’s acquisition of the strategic Pioneer short line portfolio will also offer rail users enhanced service options across more locations throughout the United States.
-via Press Release