Short line owner and operator Regional Rail has acquired freight rail assets in western Canada from grain company G3 Canada.
The acquisition of G3 Canada, based in Winnipeg, Manitoba, which operates a network of grain elevators and port terminals, includes the Great Sandhills Railway and three other rail freight facilities in the region serving agricultural and energy customers.
Regional Rail is associated with 3i, an infrastructure investment firm headquartered in the UK.
Much of Regional Rail’s assets are located in the Eastern United States, with freight transportation, auto storage and transshipment services in New York, Pennsylvania and Delaware across three railroad lines and over 155 miles of track. The company also owns the Pinsly Railroad in Florida, which consists of 208 miles of track and three short lines, and the Carolina Coast Railway, which operates in North Carolina.
3i and Regional Rail have been working together since 2019.
“The Great Sandhills Railway and other freight companies are a great addition to Regional Rail,” said Rob Collins, 3i’s managing partner and head of North American infrastructure, in a Friday press release. “We are excited to expand into the Canadian market where we see significant industrial growth opportunities in the rail sector. Since our initial investment in 2019, we have believed that Regional Rail offers an attractive platform for consolidation and this acquisition further strengthens that belief.”
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