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RailAmerica Says Co. is in Prelim Sales Talks
Author: Jon
Date: 05-24-2012 - 18:50

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This announcement is interesting in that another rail operation founded by one of the Marino brothers, Patriot Rail, was was announced on May 8th as being purchased by SteelRiver Infrastructure Partners, an independent investment management firm.


RailAmerica Says Company in Preliminary Sales Talks

Mark Szakonyi, Associate Editor | May 23, 2012 2:13PM GMT
The Journal of Commerce Online
Article Link

Statement follow reports that railroad holding company is looking to sell 56 percent stake

RailAmerica said it is in preliminary discussions with third parties regarding the potential sale of the short-line and regional railroad holding company.

The Jacksonville, Fla.-based company confirmed reports that it has retained Deutsche Bank Securities to assist in its evaluation. RailAmerica is reportedly trying to find a buyer for a 56 percent stake in the company, and Berkshire Hathaway, the owner of BNSF railway, has expressed interest in the company, Fred Frailey, a Trains magazine columnist, wrote sources told him. (Article Continues)

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  RailAmerica Says Co. is in Prelim Sales Talks Jon 05-24-2012 - 18:50


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