03.11.2020
Artikel Nummer: 33916
Patriot Rail expands in Utah
In the USA, Patriot Rail has entered an agreement to acquire US short line operator Salt Lake Garfield & Western Railway (SLGW) and its related entities Caballero and Caballero 2, storage and transload service providers. Financial terms were not disclosed. The transaction is subject to customary closing conditions and regulatory approvals.
Salt Lake City-based SLGW has added both track and transload services over the past few years and has plans to expand in 2021. In continuous operation for over 125 years, SLGW currently handles more than 6,000 loaded railcars annually within its 40 km line. Patriot Rail is owned by Sydney, Australia-based global asset manager First Sentier Investors. (ben)
https://patriotrailandports.com