KENNETT SQUARE, Pa. — Regional Rail LLC has added to its holdings in the Midwest with acquisition of the Cincinnati Eastern Railroad, a 70-mile Ohio short line, the company has announced. The company now has seven railroads in Ohio, Indiana, and Illinois.
“The Regional Rail team and I are delighted to partner with the team at the Cincinnati Eastern Railroad,” Regional Rail CEO Al Sauer said in a press release. “We look forward to building on the strong entrepreneurial culture at the railroad to further grow services with existing customers and support new opportunities.”
The railroad, which operates on trackage owned by Norfolk Southern, runs between Clare, Ohio, and Plumb Run, Ohio. Its customers’ products include aggregates, food & agriculture, and paper products.
“We are proud of what we have accomplished at the Cincinnati Eastern Railroad since we commenced operations in 2014,” said founder Paul Didelius and president and co-owner Chris Whitley. “Having spent a lot of time with Al and the Regional Rail team, we believe they are the right partner for the railroad’s next phase of growth.”
Since partnering with investment firm 3i Group, Regional Rail has grown from three railroads in the Northeast to 16 operations nationally. It provides rail operations, car storage, and transloading in the U.S. and western Canada, along with crossing signal design, construction, and maintenance through subsidiary Diamondback Signal.
“The acquisition of the Cincinnati Eastern Railroad is an exciting addition for Regional Rail,” said Rob Collins, managing partner and head of North American infrastructure for 3i, “and fits perfectly with our strategy of supporting local management as they strive to grow with customers, our Class I partners, and local c0mmunities. We look forward to providing continued support to Regional Rail for all future opportunities.”
Thanks to Jawtooth, you can also see CE’s constant FRA violations as well. Perhaps with new owners, that will change.
i thought Jawtooth was Cincinnati Eastern’s Directory of Videography. I wonder if he was writtin in as part of the deal.
That is Jawtooth’s favorite railroad to video on Youtube. He will be out there in a hurry when he see’s this.
That’s exactly what I was thinking. Because of Jaw Tooth I have followed their operations and get excited every time he posts about it.