RailAmerica Picks Up Three Railroads
May 16, 2011- Share:
Fortress Investment Group-backed RailAmerica (NYSE: RA) has acquired Three Notch Railroad, Wiregrass Central Railroad and Conecuh Valley Railroad from Gulf and Ohio Railways for $12.7 million. The three short-line freight railroads are located in Alabama and primarily transport agricultural and manufactured products. RailAmerica owns and operates short-line and regional freight railroads in North America. Fortress acquired RailAmerica in 2007 and took it public in 2009.
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