Pioneer Lines (a portfolio company of US InfraVest and Stephens Capital Partners) has been acquired by Patriot Rail (a portfolio company of Igneo Infrastructure Partners)
Client – Pioneer Lines
Owns and operates 15 short line railroads across 12 states. Pioneer’s railroads support (directly or indirectly) over 17,000 jobs in the U.S. and transport diverse commodities, including agricultural and food products, iron and steel, plastics, chemicals, building materials and forest products.
Counterparty – Patriot Rail
Operates 16 regional and freight short line railroads, a scenic rail excursion train and rail-related services companies. The company has operations more than 15 states.