Genesee & Wyoming to acquire Claremont Concord Railroad

Genesee & Wyoming Inc. has reached an asset purchase agreement with Claremont Concord Railroad to acquire its rail line in Claremont, N.H., and lease to operate over a state-owned line in West Lebanon, N.H., according to a report in the Valley News.

G&W subsidiary New England Central Railroad last week notified the Surface Transportation Board of the transaction, the newspaper reported. A G&W spokesman confirmed to the newspaper that the company was acquiring Claremont Concord, but declined to comment further.

Claremont Concord Railroad owner Christopher Freed did not respond to the newspaper's requests to comment. He acquired the railroad in 2002 from LaValley Building Supply.