Gulf & Atlantic Railways has entered into a definitive agreement to acquire the rail assets of Pinsly Railroad Company (Pinsly), including the 29 km Pioneer Valley Railroad (PVRR) short line and Pinsly’s Railroad Distribution Services, Inc. (RDS), a rail-served warehousing and distribution business.
The purchase is subject to regulatory approval.
Pioneer Valley Railroad runs from Westfield, Massachusetts to Holyoke, Massachusetts with interline access to two railroads – CSX and Pan Am Southern, and, together with RDS, serves more than 30 diversified customers. Railroad Distribution Services operates two rail-served warehouses with 140,000 square feet of indoor storage and 3.5 acres of outdoor storage.
“PVRR and RDS are well-respected short line railway and rail-served warehousing and distribution platforms, with an exceptional focus on safety, a fantastic team, and a diversified revenue base. The employees are talented, highly experienced professionals. We look forward to working with them to continue Pinsly’s track-record of safe, efficient rail and distribution service to customers and welcoming them to our growing team,” said Ryan Ratledge, the Gulf & Atlantic Railways Chief Executive Officer.
As part of its strategic plan, Gulf & Atlantic Railways is focused on growth from existing customers and through acquisitions. Earlier this year, GAR acquired three short-line railways in Ohio, Indiana, and Illinois.
“We are very pleased to have reached an agreement to transition our Massachusetts business to GAR. Pinsly has a long-standing commitment to safety, service, business development and capital investment. We believe GAR will be a great steward of our business and that Pinsly will add to the already outstanding and growing GAR rail transportation infrastructure platform,” John Levine, Pinsly Railroad Company’s Chief Executive Officer said.
The Pioneer Valley Railroad (PVRR) was created in 1982 and enjoys a unique partnership with its sister company, Railroad Distribution Services, which provides a wide range of warehousing, logistics and transload services. Together they provide a variety of transload, storage, and truck delivery solutions across a wide variety of products.