Pinsly Railroad Company to acquire Hondo Railway.

Pinsly Railroad Company, a short line railroad company, agreed to acquire Hondo Railway, a short-line railroad. Financial terms were not disclosed. “Hondo Railway is a high-quality asset developed by high quality business leaders. Don and Mark, along with their families, have done an amazing job growing this railroad. We are thankful to be able to continue to work alongside Miles and Chase Lee, Don’s son and grandson. We are eager to deploy Miles’s experience on our other six properties where he will work to develop business opportunities, much like he has at Hondo over the years. This railroad and its team are a great addition to the Pinsly family of roads and will further diversify our commodity mix as well as geographic location,” Ryan Ratledge, Pinsly Railroad Chief Executive Officer.