February 3, 2020 – 3i-backed Regional Rail, a leading owner and operator of short-line freight railroads and rail-related businesses in the U.S., has agreed to acquire Carolina Coastal Railway, Inc. (“Carolina Coastal”) which operates 180 miles of freight railroad in North Carolina and South Carolina, subject to authorisation from the Surface Transportation Board.
October 29, 2019 – 3i-backed Regional Rail, a leading owner and operator of short-line freight railroads and rail-related businesses in the Mid-Atlantic U.S., has agreed to acquire Pinsly Railroad Company’s (“Pinsly”) Florida operations with 208 miles of track across three short-line railroads, subject to authorisation from the Surface Transportation Board.
April 1, 2019 – 3i Group plc (“3i”) today announces an agreement to invest in Regional Rail, LLC (“Regional Rail”), a leading owner and operator of short-line freight railroads and rail-related businesses throughout the Mid-Atlantic U.S.
May 1, 2017 – Al Sauer, co-founder of Regional Rail, LLC, was named President and CEO of the company on May 1, 2017. Al previously held the position of Chief Commercial Officer at Regional Rail, LLC, after holding similar positions at RailAmerica and OmniTRAX and beginning his career with Canadian Pacific Railway.