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RAIL EMPLOYMENT



Rail News Home Short Lines & Regionals

5/23/2012



Rail News: Short Lines & Regionals

RailAmerica's board ponders potential sale


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Yesterday, RailAmerica Inc. announced that its board is considering several strategic alternatives, which might include a sale of the short-line holding company.

The announcement was made in response to market rumors about a potential sale, RailAmerica officials said in a prepared statement, adding that there will be no additional comments on the matter “unless and until” a definitive agreement is reached.

“In connection with its evaluation, the company is engaged in preliminary discussions with third parties regarding a potential sale,” they said. “There can be no assurances that any agreement will be reached with respect to a transaction or that a transaction will be consummated.”

RailAmerica has retained Deutsche Bank Securities Inc. to provide financial advice and assist in the evaluation.

Owned by Fortess Investment Group L.L.C., RailAmerica operates 45 regionals and short lines in the United States and Canada.


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