3i Group is investing an undisclosed amount in Regional Rail to help the North American rail infrastructure group’s growth plan.
Rob Collins, managing partner, 3i North American Infrastructure, said: “This is an exciting opportunity to partner with an established management team as we seek to put additional capital to work in North American rail infrastructure.
“The North American transportation market is rapidly evolving and Regional Rail is well positioned to benefit from those changes with future acquisitions.”
3i said Regional Rail will represent 3i’s third infrastructure investment in North America since 2017 and will serve as the company’s rail infrastructure platform for future investment in the sector.
Al Sauer, CEO, Regional Rail, said: “We look forward to working with 3i as we continue to focus on servicing our existing customers, growing economic development in our local communities, and expanding into new regions through strategic partnerships and acquisitions. We see tremendous opportunity in the sector and are proud to have the support and asset management expertise of 3i behind us.“
Formed in 2007, Regional Rail provides freight transportation, car storage, and transloading services in New York, Pennsylvania, and Delaware across three railroads and over 155 miles of track connecting into a diversified Class 1 railroad network.
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