SteelRiver Infrastructure Partners has acquired Patriot Rail Corp. through its dedicated infrastructure investment vehicle, SteelRiver Infrastructure Fund North America LP, for an undisclosed amount.
Patriot Rail operates short-line and regional freight railroads in the United States. The company serves customers across 13 railroads with approximately 500 total rail miles traversing 13 U.S. states.
“The company’s scale and operating strategy will allow SteelRiver to capitalize on additional consolidation opportunities in the short-line rail industry in North America,” says Chris Kinney, senior managing partner and CEO of SteelRiver Infrastructure Fund North America.
Barclays served as exclusive financial adviser to Patriot; Greenberg Traurig provided legal advice to Patri