Pinsly Railroad Company (2024)

Pinsly Railroad Company, formerly known as Gulf & Atlantic Railways, is an American short line railroad holding company, that owns and operates 6 railroads in the United States. Pinsly has a rail network of a 762-miles.

Pinsly Railroad Company
FormerlyGulf & Atlantic Railways (2023-2024)
RailUSA (2018-2023)
IndustryRail transport
FoundedOctober 2018
Headquarters
Jacksonville, Florida
,
United States
Area served
Florida, Mississippi, Indiana, Illinois, Massachusetts, Ohio
ParentMacquarie Infrastructure Partners
SubsidiariesFlorida Gulf & Atlantic Railroad
Grenada Railroad
Chesapeake & Indiana Railroad
Camp Chase Railroad
Vermilion Valley Railroad
Pioneer Valley Railroad
Website

History

Pinsly was founded as RailUSA in October 2018 by private equity firm Equity Group Investments. It first purchased the Grenada Railroad from Iowa Pacific with plans to restore and re-open the 87-mile southern portion of the line that had been closed since 2011. Another investment later followed in 2019 with the purchase of Florida Gulf & Atlantic Railroad from CSX.[1][2] In April 2022, RailUSA was purchased by Macquarie Infrastructure Partners.[3]

On March 1, 2023, RailUSA announced the company would relocate to Jacksonville, Florida, and change its name to Gulf & Atlantic Railways to show its focus on new growth.[4]

In May 2023, G&AR acquired 3 small railroads from Midwestern & Bluegrass Rail, the Camp Chase Railroad, Chesapeake & Indiana Railroad and Vermilion Valley Railroad, and increased its portfolio from two to five short lines.[5]

In August 2023, Macquarie Infrastructure Partners reached an agreement with the Pinsly Railroad Company to acquire a 6th short-line, Pioneer Valley Railroad, through its subsidiary Gulf & Atlantic Railways.[6] This acquisition also included a warehousing company, Railroad Distribution Services.

Towards the end of 2023, G&AR announced they would acquire the Northern Indiana Railroad Company (NIRC), which maintained the land assets of Chesapeake & Indiana Railroad (CKIN). In February 2024, G&AR announced they would seek to merge NIRC into the CKIN. [7]

On May 1, 2024, the company rebranded to Pinsly Railroad Company after the Pioneer Valley Railroad acquision. The original Pinsly Railroad Company dated back to 1938 and is one of the oldest short-line holding companies in U.S. history.

Railroads
Name Mark Class Holding Trackage State(s) Notes
Grenada Railroad GRYRIIIAcquired - 2018a235.8 mi (379.5 km) MS
Florida Gulf and Atlantic Railroad FGAIIIAcquired - 2019a438.1 mi (705.1 km) FL
Camp Chase Railway CAMYIIIAcquired - May 2023a17.1 mi (27.5 km) OH
Chesapeake & Indiana Railroad CKINIIIAcquired - May 2023a34.9 mi (56.2 km) IN
Vermilion Valley Railroad VVRRIIIAcquired - May 2023a9.3 mi (15.0 km) IN/IL
Pioneer Valley Railroad PVRRIIIAcquired - Aug. 2023a27 mi (43 km) MA

References
  1. Our Company Gulf & Atlantic Railways
  2. Florida Gulf Atlantic Railroad, Acquisition and Operation Exemption with interchange Federal Register December 21, 2018
  3. Australian infrastructure fund to acquire RailUSA Trains November 29, 2021
  4. https://www.railwayage.com/freight/short-lines-regionals/for-railusa-new-name-new-phase-of-growth/
  5. https://www.railwayage.com/freight/short-lines-regionals/gar-to-acquire-three-more-small-roads/?RAchannel=home
  6. "Macquarie Infrastructure Partners to acquire Massachusetts short line". Trains News Wire. August 29, 2023. Retrieved August 29, 2023.
  7. https://www.railwayage.com/freight/short-lines-regionals/ckin-nird-seek-to-merge/?RAchannel=home
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