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3/7/2014



Rail News: Passenger Rail

X Train negotiating to acquire four private rail operators


X Train Holdings, known as the X Train, announced yesterday that it  has opened negotiations with four privately owned passenger-rail services to acquire the companies.

X Train is not disclosing which companies it's negotiating with at this time due to a nondisclosure agreement between the parities, X Train officials said in a press release.

"We feel confident that these negotiations will result in consummating acquisitions and the operations of these independent operators will come under the umbrella of services offered by the X Train Holdings company," said Michael Barron, X Train's chairman and chief executive officer. "We can provide a path to liquidity for those owners who wish to sell their enterprise as an exit strategy as is the case with these current candidates."



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