By Andrew Corselli, Managing Editor, Railway Age Magazine; August 2, 2019
Related Fund Management, Brookhaven Rail Partners and Stephens Capital Partners LLC have acquired Pioneer Railcorp, a railroad holding company that owns short line railroads and several other railroad-related businesses.
BRX Transportation Holdings, LLC—a partnership between Related Infrastructure, a subsidiary of Related Fund Management, Brookhaven Rail Partners and Stephens Capital Partners, LLC—was formed “to purchase Pioneer as a platform investment and intends to invest additional capital to upgrade Pioneer’s existing infrastructure and grow Pioneer’s franchise through industrial development and the expansion of services to its customers. BRX also intends to pursue the acquisition of additional short line railroad companies.”