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.
