Announced
Completed
Financials
Tags
Domestic
Friendly
United States
railroads
Majority
Private
Acquisition
Single Bidder
Railroads
Completed
Private Equity
Synopsis
Patriot Rail, an operator of short line and regional freight railroads, rail services and integrated port logistics business, completed the acquisition of Delta Southern Railroad, a short line railroad company operating two line segments in Louisiana, from Golden Gate Capital, an American private equity firm. Financial terms were not disclosed. "Including Delta Southern in Patriot Rail's expanding network will enable further competitive options for rail shippers in Louisiana and across the country. This strategic acquisition adds to the company's most recent expansion and exemplifies our growth focus on quality rail franchises to meet customer needs," John E. Fenton, Patriot Rail CEO.
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