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Rail News: Passenger Rail

X Train offers 'all cash buyout' to independent passenger-rail operators

X Train Holdings, which operates a luxury train travel service, announced today that it is seeking existing privately owned passenger-rail companies interested in an exit strategy.

X Train will offer an "all cash buyout" plan that would pay cash for businesses that sell their passenger-rail operations to the company.

"This is a unique approach to this industry where sellers would have the option to receive all cash for the sale of their passenger-rail service," said Michael Barron, X Train's chairman and chief executive officer, in a press release. "We understand that operators, who may be interested in an exit strategy from the business for whatever reason, would want to cash out."

The company provides capital access for infrastructure growth, asset deployment and marketing reach via its call center, logistics and operations management, which are all designed to lower costs and improve margins to the rail operator, X Train officials said. The company is actively seeking such opportunities and currently represents 20 independent passenger-rail companies and 36 excursions, they said.

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More News from 3/27/2014