Jacksonville based RailAmerica for sale

[Lunican]

RailAmerica for sale

JACKSONVILLE, Fla. â€" Trains columnist Fred Frailey is reporting that shortline and regional railroad holding company RailAmerica is for sale. The company owns 45 railroads in North America, with approximately 7,500 miles of track in 28 U.S. states and three Canadian provinces. Owner Fortress Investment Group, which took RailAmerica private in 2007, has employed Deutsche Bank to find a buyer for its 56 percent interest in the company, Frailey reports. Fortress took the company public several years ago, but retained a majority interest.

http://trn.trains.com/Mobile.aspx?view=Article&id={8574EC31-1B11-42F0-8D5F-A776D83030AC}

[aclchampion]

Wish I could read the article but you have to be a subscriber.

[mtraininjax]

Fortress is another Private Equity group who is looking to sell off a piece of their business as the value climbs.

[aclchampion]

I wonder if and how this might affect FEC. If FEC is up for sale, you know NS and CSX will likely get into a bidding war to try and grab it.

[fsujax]

Shouldn't have too much of an affect on FEC at this point since they are two separate operations. Fortress might try and sell off FEC in the future if this proves lucrative.