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Rail News: M&A
OmniTRAX completes Winchester & Western acquisition
An OmniTRAX Inc. affiliate has completed its acquisition of the Winchester & Western Railroad (WW) from Covia Holdings Corp., the railroad and transportation management company announced today.
The acquisition expands the OmniTRAX-managed short-line portfolio into new key East Coast distribution locations, OmniTRAX officials said in a press release.
Financial terms were not disclosed. WW operates in Maryland, Virginia, West Virginia and New Jersey.
"Our initial outreach with the Winchester & Western team, existing customers and local partners reaffirms our belief in the opportunity this acquisition represents," said OmniTRAX Chief Executive Officer Kevin Shuba.
WW joins Cleveland & Cuyahoga Railway, Cleveland Port Railway, Alabama & Tennessee River Railway LLC and Fulton County Railway LLC on the list of recent OmniTRAX transactions. OmniTRAX officials announced in July that the company would acquire WW.
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