Rail America
 |
|
| Private | |
| Industry | Rail transport |
| Founded | 1986 |
| Headquarters | Jacksonville, Florida, United States |
| Services | Short line and regional railroads |
| Revenue | US$410.6 million (2009) |
| Owner | Genesee & Wyoming Inc. |
| Website | www.railamerica.com |
RailAmerica, Inc., based in Jacksonville, Florida, was a holding company of a number of short-line railroads and regional railroads in the United States and Canada.
In 2007, RailAmerica was acquired by Fortress Investment Group. Before that, it traded on the with the ticker symbol RRA. It was relisted in October 2009 with the ticker symbol RA.
On June 30, 2010, the company announced that it had acquired Atlas Railroad Construction, a construction and maintenance company operating in the Northeast and Midwest United States, for US$24 million.
In April 2011, RailAmerica made its first shortline purchase in over five years by initiating a deal with Gulf and Ohio Railways to acquire three Alabama shortlines for $12.7 million.
On July 23, 2012, Genesee & Wyoming Inc. announced that it intended to purchase RailAmerica in a deal valued at $1.39 billion. Approval of the purchase was granted by the U.S. Surface Transportation Board on December 19, 2012. While awaiting the decision, Genesee & Wyoming put RailAmerica control in the hands of a trust. They assumed control on December 28, 2012 and the company was in the process of integration to G&W.
RailAmerica controlled the following railroads. It has acquired some through purchase of other holding companies: RailLink Canada in July 1999, RailTex in February 2000, ParkSierra and StatesRail in January 2002, and the rail properties of Alcoa in September 2005.
In addition to those listed below, RailAmerica's prior owner, Fortress Investment Group, purchased the Florida East Coast Railway (FEC) in September 2007 from Florida East Coast Industries. Although Fortress maintained a level of common control between the two railroads, FEC was never made a formal part of the RailAmerica family, and Fortress did not include FEC in the RailAmerica spinoff.
...
Wikipedia