Regional Rail, LLC explained

Regional Rail, LLC
Foundation:2007
Location:Kennett Square, Pennsylvania, U.S.
Key People:Alfred M. Sauer, President and CEO
Area Served:Delaware, Florida, New York, Pennsylvania, Alberta, Saskatchewan
Industry:Short line freight railroads
Parent:3i RR Holdings GP, LLC

Regional Rail, LLC is a company operating short-line railroads in Delaware, Florida, New York, 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.

Operations

Regional Rail, LLC owns three railroads in the Mid-Atlantic states of the United States. The East Penn Railroad operates on 114miles of trackage in Delaware and eastern Pennsylvania. The Middletown and New Jersey Railroad operates 43miles of railroad lines near Middletown in New York. The Tyburn Railroad serves a transload facility in Morrisville, Bucks County, Pennsylvania.[1] Regional Rail, LLC also owns the Conshohocken Recycling & Rail Transfer in Conshohocken, Pennsylvania, a waste-transfer facility that ships waste to landfills by rail.

The company additionally owns three railroads in Florida. The Florida Central Railroad operates 75miles northwest of Orlando, Florida.[2] The Florida Midland Railroad operates 2 lines totaling 35miles in central Florida near Winter Haven and South Lake Wales.[3] The Florida Northern Railroad operates 2 lines totaling 98miles in northern Florida.[4]

The company also owns Diamondback Signal, which installs and maintains grade crossing signals for short-line and regional railroads.[5]

In November 2022, G3 Canada sold Great Sandhills Railway to Regional Rail.[6]

In November 2023 the company announced plans to acquire the Indiana Eastern Railroad and the Ohio South Central Railroad.[7]

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.[8] 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]

External links

Notes and References

  1. Web site: Regional Rail, LLC . Regional Rail, LLC. December 10, 2011.
  2. Web site: Florida Central Railroad Company. Regional Rail, LLC. January 19, 2020.
  3. Web site: Florida Midland Railroad Company, Inc.. Regional Rail, LLC. January 19, 2020.
  4. Web site: Florida Northern Railroad Company, Inc.. Regional Rail, LLC. January 19, 2020.
  5. Web site: About Diamondback Signal, LLC. Regional Rail, LLC. April 12, 2013.
  6. Web site: Regional Rail expands into Canada with acquisition of short-line rail portfolio . 2022-11-11 . gsrail.net . 3i Group; Great Sandhills Railway . 2023-01-07 . PDF; 89 kB .
  7. Web site: REGIONAL RAIL NEWS. regional-rail.com. November 10, 2023. February 17, 2024.
  8. Web site: About Regional Rail. Regional Rail, LLC. July 22, 2010.
  9. Web site: Regional Rail LLC Acquires Majority Share of Diamondback Signal, LLC. Regional Rail, LLC. August 10, 2012. April 12, 2013.
  10. Web site: California private equity firm acquires shortline holding company Regional Rail . Trains Magazine . August 25, 2015 . August 25, 2015.
  11. Web site: East Penn Railroad owner sold to British private equity firm. Delaware Business Now. July 15, 2019. December 13, 2019.
  12. Web site: STB Notice of Exemption 47348 (Docket FD-36365) . Surface Transportation Board . November 22, 2019 . January 19, 2020.