Genesee & Wyoming announced that it has completed the acquisition of Pinsly Railroad Company’s Arkansas Division (Pinsly Arkansas) for approximately $40m in cash, subject to adjustment for final working capital. The acquisition will strengthen Genesee & Wyoming’s presence is Arkansas.
Pinsly Arkansas includes the Arkansas Midland Railroad, which is comprised of seven non-contiguous branch lines, the Prescott & Northwestern Railroad, the Warren & Saline River Railroad, and the two Arkansas transload operations of Pinsly’s Railroad Distribution Services subsidiary.
The railroads operate over 137 miles of owned and leased track serving the Hot Springs and Little Rock areas, as well as the south western and south eastern portions of Arkansas, and haul approximately 35,000 carloads per year.
The world's largest collection of global supply chain intelligence