Related Fund Management, Brookhaven Rail Partners, and Stephens Capital Partners acquired Pioneer Railcorp, a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company. Andrew Right, Managing Partner of Related Instructure said, “Short-line railroads play a key role in our country’s transportation infrastructure and are critical to the national and global economy. Pioneer, operating across 12 states, services a diverse set of customers with a wide array of cargo from agriculture to finished products. We are excited to work with Brookhaven and the talented team at Pioneer to invest in the business, to provide even better service to our customers and to further grow the business by adding new customers who can benefit from the reliability and cost advantages of rail transport and by driving expansion across the platform.”