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Ontario pension fund, rail holding company to acquire five short lines

Cimarron Valley Railroad is one of five short lines to be acquired.
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An Ontario pension fund is joining with Jaguar Transport Holdings LLC and Jaguar Rail Holdings LLC to acquire five U.S. short lines, according to Surface Transportation Board (STB) documents.

The short lines to be acquired are Cimarron Valley Railroad, which operates in Kansas, Oklahoma and Colorado; Southwestern Railroad Inc., which operates in New Mexico, Texas and Oklahoma; Texas & Eastern Railroad LLC in Texas; Washington Eastern Railroad in Washington State; and Wyoming and Colorado Railroad Inc. in Oregon.

The short lines are part of The Western Group.

OPSEU Pension Plan Trust Fund (OPTrust) invests and manages one of Canada's largest pension funds. The fund indirectly controls Jaguar Transport, which is based in Joplin, Missouri. They will acquire the railroads from David Durbano and Snowy Range Cattle Co. Inc., according to the STB document.

Financial terms of the acquisition are not disclosed.

Jaguar currently controls one short line, West Memphis Base Railroad LLC, and Jaguar Rail Holdings.

Contact Progressive Railroading editorial staff.

More News from 10/7/2020