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1/29/2025
Infrastructure manager Ancala has partnered with Arkadia Rail Partners to form short-line railroad owner and operator Phoenix Rail.
Phoenix Rail yesterday completed the acquisition of Lehigh Valley Rail Management (LVRM), an owner and operator of short line and intermodal terminal infrastructure in Pennsylvania, Ancala officials said in a press release.
Financial details of the transaction were not disclosed.
The transaction marks Ancala’s second infrastructure investment in North America, following the acquisition of Noventa Energy in 2023. Ancala has a significant controlling stake in the business and will work alongside the Arkadia team to build the Phoenix Rail platform, company officials said.
Phoenix Rail is led by a management team with experience in growing and improving short-line businesses over three decades, they said. The team includes CEO Alex Yeros, Chief Operations Officer Ross Grantham, Chief Financial Officer Jack Sullan, and Chief Strategy Officer Jim Crawford.
Most recently, Arkadia (formerly Brookhaven Rail Partners) acquired Pioneer Lines, a short-line holding company with 15 railroads across the United States.
"We are thrilled to partner with Ancala to establish this railroad franchise," said Yeros. "We intend to leverage our industry experience to acquire, grow and enhance the platform across the United States. LVRM is an attractive initial investment with clear opportunities to build on customer and industry relationships, enhance services and invest for growth."