Terminal and logistics firm Enstructure has entered a definitive agreement to acquire the Patriot Port Holdings LLC division of Patriot Rail & Ports; the deal is said to allow Patriot to focus on growing its core rail business.
Patriot Rail and Ports
Donald Itzkoff and Eric Jakubowski will represent Patriot Rail Company LLC and Anacostia Rail Holdings, respectively, on the Surface Transportation Board’s Railroad-Shipper Transportation Advisory Council (RSTAC).
RAILWAY AGE, FEBRUARY 2021 ISSUE: Railway Age is honoring 20 “Fast Trackers” from a pool of more than 100 strong nominations for this year’s 20 Under 40 awards program.
The California Transportation Commission (CTC) will distribute $6.45 million to seven short line railroad infrastructure projects.
Railway Age is honoring 20 “Fast Trackers” from a pool of more than 100 strong nominations for this year’s 20 Under 40 awards program.
Jacksonville, Fla.-based Patriot Rail Co. LLC has finalized its acquisition of 26-mile Salt Lake Garfield & Western Railway (SLGW) and its storage and transload service providers, Caballero LLC and Caballero 2 LLC, in Utah. Terms of the deal were not disclosed.
Nebraska, Kansas & Colorado Railway (NKCR) has received a $4.5 million grant from the U.S. Department of Transportation, as part of the FY 2020 Consolidated Rail Infrastructure and Safety Improvements Grant Program. Additionally, Patriot Rail & Ports has hired Roquita C. Williams to join the commercial team as Assistant Vice President Sales.
Patriot Rail and Ports has appointed Paul D. Tonsager as its Chief Commercial Officer.
Global infrastructure investor First State Investments (FSI) has completed its acquisition of Patriot Rail and Ports from SteelRiver Infrastructure Partners, an independent investment manager. Financial terms of the deal—which was for 100% equity—were not disclosed.
Global infrastructure investor First State Investments (FSI) has reached an agreement with SteelRiver Infrastructure Partners to acquire 100% of the equity of Patriot Rail and Ports, which operates a portfolio of 12 short line freight railroads with more than 585 track-miles across 14 states in the U.S. Terms of the deal were not disclosed.