Regional Rail, LLC
Regional Rail, LLC Industry Short line freight railroads Founded 2007 Headquarters Kennett Square, Pennsylvania , U.S.Area served
Delaware , Florida , New York , Pennsylvania , Alberta , Saskatchewan Key people
Alfred M. Sauer, President and CEO[ 1] Parent 3i RR Holdings GP, LLC Website www .regional-rail .com
Regional Rail, LLC is a company operating short-line railroads in Delaware , Florida , New York , Ohio , and Pennsylvania . It operates 13 railroads: Burns Harbor Railroad , Carolina Coastal Railway , East Penn Railroad , Effingham Railroad , Florida Central Railroad , Florida Midland Railroad , Florida Northern Railroad , Great Sandhills Railway , Illinois Western Railroad , Middletown and New Jersey Railroad , Port Manatee Railroad , South Point and Ohio Railroad , Cincinnati Eastern Railroad (Ohio ) and Tyburn Railroad as well as the Conshohocken Recycling & Rail Transfer. It is based in Kennett Square, Pennsylvania .
History
Regional Rail, LLC was formed in April 2007. Four months later, it took over the East Penn Railroad. In April 2009, the company acquired the Middletown and New Jersey Railroad. In September 2011, Regional Rail, LLC took over the Tyburn Railroad. In June 2012, Regional Rail, LLC took over the Conshohocken Recycling & Rail Transfer.[ 1] Two months later, the company gained majority ownership of Diamondback Signal, LLC.[ 9] In August 2015, private equity group Levine Leichtman Capital Partners purchased Regional Rail, intending to continue its operations.[ 10] 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 .[ 11]
In November 2019, Regional Rail purchased the Florida Central Railroad , Florida Midland Railroad and Florida Northern Railroad from Pinsly Railroad Company .[ 12]
References
1 2 "About Regional Rail" . Regional Rail, LLC. Retrieved July 22, 2010 .
↑ "Regional Rail, LLC" . Regional Rail, LLC. Retrieved December 10, 2011 .
↑ "Florida Central Railroad Company" . Regional Rail, LLC. Retrieved January 19, 2020 .
↑ "Florida Midland Railroad Company, Inc" . Regional Rail, LLC. Retrieved January 19, 2020 .
↑ "Florida Northern Railroad Company, Inc" . Regional Rail, LLC. Retrieved January 19, 2020 .
↑ "About Diamondback Signal, LLC" . Regional Rail, LLC. Retrieved April 12, 2013 .
↑ "Regional Rail expands into Canada with acquisition of short-line rail portfolio" (PDF; 89 kB) . gsrail.net . 3i Group; Great Sandhills Railway. November 11, 2022. Retrieved January 7, 2023 .
↑ "REGIONAL RAIL NEWS" . regional-rail.com . November 10, 2023. Retrieved February 17, 2024 .
↑ "Regional Rail LLC Acquires Majority Share of Diamondback Signal, LLC" (PDF) . Regional Rail, LLC. August 10, 2012. Retrieved April 12, 2013 .
↑ "California private equity firm acquires shortline holding company Regional Rail" . Trains Magazine. August 25, 2015. Retrieved August 25, 2015 .
↑ "East Penn Railroad owner sold to British private equity firm" . Delaware Business Now. July 15, 2019. Retrieved December 13, 2019 .
↑ "STB Notice of Exemption 47348 (Docket FD-36365)" (PDF) . Surface Transportation Board. November 22, 2019. Retrieved January 19, 2020 .