Gulf & Atlantic Railways
 | This article needs additional citations for verification. (December 2021) |
| Formerly | RailUSA (2018-2023) |
|---|---|
| Industry | Rail transport |
| Founded | October 2018 |
| Headquarters | , United States |
Area served | Florida, Mississippi, Indiana, Massachusetts, Ohio |
| Parent | Macquarie Infrastructure Partners |
| Subsidiaries | Florida Gulf & Atlantic Railroad Grenada Railroad |
| Website | [1] |
Gulf & Atlantic Railways formerly known as RailUSA is an American short line railroad holding company, that owns or maintains an interest in 6 railroads in the United States. G&AR has a rail network of a 711-miles.
History[edit]
RailUSA was founded in October 2018 by private equity firm Equity Group Investments. It first purchased the Grenada Railroad from Iowa Pacific with plans to restore and re-open the 87-mile southern portion of the line thats been closed since 2011. Another investment later followed in 2019 with the purchase of Florida Gulf & Atlantic Railroad from CSX.[1][2] In April 2022, RailUSA was purchased by Macquarie Infrastructure Partners.[3]
On March 1, 2023, RailUSA announced the company would relocate to Jacksonville, Florida, and debut a new name to Gulf & Atlantic Railways to show its focus on new growth.[4]
In May 2023, G&AR acquired 3 small railroads from Midwestern & Bluegrass Rail, the Camp Chase Railroad, Chesapeake & Indiana Railroad and Vermilion Valley Railroad, and increased its portfolio from two to five short lines.[5]
In August 2023, Macquarie Infrastructure Partners reached an agreement with the Pinsly Railroad Company to acquire Pioneer Valley Railroad through its subsidiary Gulf & Atlantic Railways.[6] Towards the end of the year, G&AR announced they would acquire the 33 mile Northern Indiana Railroad Company (NIRD); a line that CKIN leases. Later in February 2024, they announced they would seek to merge NIRD lines ownership into the Chesapeake & Indiana railroad. [7]
Railroads[edit]
| Name | Mark | Class | Holding | Trackage | State(s) | Notes |
|---|---|---|---|---|---|---|
| Grenada Railroad | GRYR | III | Acquired - 2018a | 228 mi (367 km) | MS | |
| Florida Gulf and Atlantic Railroad | FGAR | III | Acquired - 2019a | 430 mi (690 km) | FL | |
| Camp Chase Railway | CAMY | III | Acquired - May 2023a | 14 mi (23 km) | OH | |
| Chesapeake & Indiana Railroad | CKIN | III | Acquired - May 2023a | 33 mi (53 km) | IN | |
| Vermilion Valley Railroad | VVRR | III | Acquired - May 2023a | 5.9 mi (9.5 km) | IN | |
| Pioneer Valley Railroad | PVRR | III | Acquired - Aug. 2023a | 17 mi (27 km) | MA | |
| Northern Indiana Railroad Company | NIRD | III | Acquired - Dec. 2023a | 33 mi (53 km) | IN | *does not own or lease any rolling stock. |
References[edit]
- ^ Our Company Gulf & Atlantic Railways
- ^ Florida Gulf Atlantic Railroad, Acquisition and Operation Exemption with interchange Federal Register December 21, 2018
- ^ Australian infrastructure fund to acquire RailUSA Trains November 29, 2021
- ^ https://www.railwayage.com/freight/short-lines-regionals/for-railusa-new-name-new-phase-of-growth/
- ^ https://www.railwayage.com/freight/short-lines-regionals/gar-to-acquire-three-more-small-roads/?RAchannel=home
- ^ "Macquarie Infrastructure Partners to acquire Massachusetts short line". Trains News Wire. August 29, 2023. Retrieved August 29, 2023.
- ^ https://www.railwayage.com/freight/short-lines-regionals/ckin-nird-seek-to-merge/?RAchannel=home
 | This United States railway company-related article is a stub. You can help Wikipedia by expanding it. |
- United States railroad holding companies
- Companies based in Boca Raton, Florida
- American companies established in 2018
- Railway companies established in 2018
- 2018 establishments in Florida
- 2021 mergers and acquisitions
- Private equity portfolio companies
- Privately held companies based in Florida
- United States railway company stubs