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8/30/2023
Gulf & Atlantic Railways LLC (GAR) yesterday announced it has entered into an agreement to acquire the rail assets of Pinsly Railroad Co.
The transaction includes the 18-mile Pioneer Valley Railroad (PVRR) and Pinsly’s Railroad Distribution Services Inc. (RDS), a rail-served warehousing and distribution business. The purchase is subject to regulatory approval.
Financial terms were not disclosed in a press release.
PVRR runs from Westfield to Holyoke, Massachusetts, with interline access to CSX and Pan Am Southern. Together with RDS, the railroad serves more than 30 customers. RDS operates two rail-served warehouses with 140,000 square feet of indoor storage and 3.5 acres of outdoor storage.
As part of its strategic plan, GAR is focused on growth from existing customers and through acquisitions, company officials said. Earlier this year, GAR acquired three short lines in Ohio, Indiana and Illinois.