Monday, April 06, 2009

Regional Rail LLC acquires Middletown & New Jersey

Written by 
Transportation holding company Regional Rail LLC, Kennett Square, Pa., has acquired the Middletown & New Jersey Railway, which will now be operated as the Middletown & New Jersey Railroad, LLC.

mnj.jpg“The asset coverage and strategic location closely match our acquisition strategy” said Regional Rail LLC Vice President and CCO AL Sauer. In addition its location is of interest to some of our current customers.” Regional Rail President and CEO Bob Parker added, “Our strong and established ties to financial institutions familiar with the short line industry such as FirstCity Crestone LLC and Bank of America Surface Transportation enabled us to quickly react and close on this opportunity.”