X Train seeks private partnerships, acquisitions to consolidate existing passenger-rail operations

X Train Holdings, known as the X Train, is seeking to create private partnerships with existing passenger-rail services, company officials announced yesterday.

The company, which operates a luxury train travel service, also plans to consolidate the companies as an allied collective enterprise that can gain better access to capital for growth and infrastructure, marketing expansion, rail assets, and operational and administrative support, X Train officials said in a press release.

Consolidation of expenses and revenue expansion will allow affiliated companies to generate more on the bottom line, they said.

"We are looking to consolidate the resources of a fractional industry of independent passenger-rail services under an umbrella which gives our affiliated companies economies of scale and greater marketing reach," said Michael Barron, X Train's chairman and chief executive officer. "We can provide a path to liquidity for those owners who wish to sell their enterprise as an exit strategy or owners can retain 100 percent ownership of their business operating under the extended service umbrella of our company."