Transactions - FEBRUARY 11, 2019

SteelRiver Infrastructure pursues sale of $600m Patriot Rail

by Andrea Zander

SteelRiver Infrastructure Partners has plans to sell Patriot Rail Co., a transportation company, according to Bloomberg, citing people with knowledge of the matter.

The sales price is estimated to be more than $600 million.

Patriot Rail owns and operates 12 short-line railroads in 14 states including Tennessee, Texas, Louisiana and Utah.

SteelRiver has owned Patriot Rail since 2012.

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