OmniTRAX acquires Winchester & Western Railroad from Covia for $105m.

OmniTRAX, one of the largest privately held rail-centric transportation and logistics service companies in North America acquires he 101-year-old Winchester & Western Railroad (WW) from Covia Holdings Corporation for $105m. The acquisition expands the OmniTRAX-managed short line portfolio into key new distribution locations in multiple east coast markets, providing OmniTRAX’s customers access to 100 million people within a day’s transit. “OmniTRAX has been growing at an average annual rate of 20+ percent for the past five years and the acquisition of this strategic distribution hub is a deliberate step toward enhancing the continued growth and strength of our thriving network,” said Kevin Shuba, OmniTRAX CEO. “Our expansion into these dynamic markets with a diverse, established customer base and strong regional economic partners offers tremendous growth potential and we have high expectations for economic impact and job production.”