It is based in Kennett Square, Penn


Its core investment markets are northern Europe and North America. Carolina Coastal also serves the Port of Morehead City, NC.
Regional Rail LLC acquires and operates shortlines, regional railroads and switching services in the United States. They partner with Class 1s and other short lines to serve the customer. The Company manages rail and truck transload facility and terminal switching operation. No financial terms were disclosed. Pinsly is a short-line railroad operator headquartered in Westfield, Massachusetts.LOS ANGELES, July 08, 2019 (GLOBE NEWSWIRE) -- Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has completed the sale of Regional Rail, LLC (“Regional Rail” or the “Company”) to 3i Group plc (“3i”). This will provide improved customer satisfaction, improved profitability, and facilitate long-term growth and continued reinvestment into these companies. Short lines most often provide first or last mile service for a longer journey.

We are also involved with all passenger rail activities in the County, including Metrolink, Amtrak, and high speed rail. He and his team have been great to work with on this transaction, and I believe they will be good partners in supporting our employees, customers, and all future developments.”Rob Collins, Managing Partner, 3i North American Infrastructure, commented:“We’re delighted to announce a second acquisition for Regional Rail as the company continues to consolidate its position in the U.S. short-line railroad industry. About Regional Rail, LLC. 0 read moreRegional Rail, which is backed by 3i, has agreed to acquire Pinsly Railroad Company’s Florida operations.

The business model of Regional Rail, LLC is to realize the synergies of combining these smaller entities into a larger enterprise, thereby reducing administrative costs, increasing marketing opportunities, improving negotiating position with suppliers and connecting carriers, and increasing the purchasing power of the combined entities. This will provide improved customer satisfaction, improved profitability, and facilitate long-term growth and continued reinvestment into these companies.Regional Rail has extensive experience and a proven track record of success in many important areas, primarily focused in the folllowing:Our railroads serve many existing and new industrial development sites. About Us.

Financial terms weren’t announced. The Port offers warehousing as well as open storage, and is strategically located only 4 miles from the Atlantic Ocean.3i-backed Regional Rail, a leading owner and operator of short-line freight railroads and rail-related businesses in the U.S., has agreed to acquire Carolina Coastal Railway, Inc. (“Carolina Coastal”) which operates 180 miles of freight railroad in North Carolina and South Carolina, subject to authorisation from the Surface Transportation Board. In addition to freight-rail transportation, the company also provides railroad-crossing signal design, construction, inspection and maintenance services to a diverse base of over 100 short-line and industrial customers across 20 states.3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. We look forward to welcoming all of the Carolina Coastal employees to Regional Rail and working with them to continue the company’s successful growth.”Doug Golden, President, Carolina Coastal, commented:“I had been looking for the right partner to continue our legacy in North Carolina and am pleased that Carolina Coastal is becoming part of the Regional Rail family.

For further information, please visit: www.regional-rail.comCarolina Coastal Railway operates a 142-mile line from Raleigh to Plymouth, NC, a 17-mile line between Belhaven and Pinetown, NC, a 20-mile line between Nashville and Rocky Mount, NC, and a 7-mile line between Blacksburg and Kings Creek, SC, which is currently out of service.


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