San Pedro and Southwestern Railroad has been sold to Ironhorse Resources Inc.
The Arizona-based railroad will be renamed San Pedro Valley Railroad, according to RR Mergers & Acquisitions, which specializes in the sale of rail sector companies.
"The San Pedro Valley Railroad is a valuable regional franchise serving a diverse customer base and is a natural fit to our franchise," said Ironhorse President Matt Cundiff in a press release. "Excellent safety practices and customer service have been the railroad's primary focus. We will continue these initiatives with a focus on regional business development."
Aaron Lovelady will continue as general manager of the railroad, which serves regional businesses in Cochise County from connections with Union Pacific Railroad's main line at Benson and Willcox, Arizona.
Source: Progressive Railroading Daily News
