3i Group doubles rail capacity with latest deal

28 October 2019 - 12:00 am UTC

A portfolio company of 3i Group has acquired short haul rail operator Pinsly Railroad Company, said sources close to the situation.

Regional Rail acquired the Jacksonville, Florida-based Pinsly, an owner and operator of 208 miles of track across three short-line railroads.

The privately held Pinsly retained BMO to run a process. 3i did not utilize an investment banker.

Pinsly provides freight transportation, transload and railcar-storage services to a broad customer base of over 65 blue-chip companies covering a diverse set of end-markets, including heating, fuel blending, building products, chemicals, food and agriculture, scrap metal and plastic resins.

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