JACKSONVILLE, Fla. — Patriot Rail Co. has completed its acquisition of Denver-based Pioneer Lines, nearly doubling the company’s short line operations.
The transaction closed Wednesday following regulatory approval, Patriot said. It will expand the company from 16 to 31 railroads, with operations in 23 states.
“We are pleased to bring Pioneer Lines railroads into Patriot Rail,” Patriot Rail CEO John E. Fenton said in a press release. “Doubling our footprint across the U.S. furthers our commitment to exceed customer expectations as a best-in-class rail partner. Patriot Rail takes great pride in delivering value to our customers with safety always as our core foundation, and our expansion will drive deeper commercial and logistics relationships.”
Patriot announced the acquisition in August [see “Patriot Rail to acquire Pioneer Lines …,” Trains News Wire, Aug. 8, 2022].
“Patriot Rail’s accelerating growth opens more opportunities for innovative and sustainable freight transport solutions,” said John Ma, Patriot board member and co-head of North America for Igneo Infrastructure Partners, Patriot’s majority investor. “Igneo continues to see strong potential for long-term returns through our investment in the Patriot Rail platform.”
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