 | |
| Company type | Private |
|---|---|
| Industry | Rail transport |
| Founded | 1986 |
| Fate | Acquired by Genesee & Wyoming in 2012 |
| Successor | Genesee & Wyoming Inc. |
| Headquarters | , |
| Services | Short line and regional railroads |
| Revenue | US$410.6 million (2009)[1] |
RailAmerica, Inc., based in Jacksonville, Florida, was a holding company of a number of short-line railroads and regional railroads in the United States and Canada.
In 2007, RailAmerica was acquired by Fortress Investment Group. Before that, it traded on the New York Stock Exchange with the ticker symbol RRA.[2] It was relisted in October 2009 with the ticker symbol RA.
On June 30, 2010, the company announced that it had acquired Atlas Railroad Construction, a construction and maintenance company operating in the Northeast and Midwest United States, for US$24 million.[3]
In April 2011, RailAmerica made its first shortline purchase in over five years by initiating a deal with Gulf and Ohio Railways to acquire three Alabama shortlines for $12.7 million.[4]
On July 23, 2012, Genesee & Wyoming Inc. announced that it intended to purchase RailAmerica in a deal valued at $1.39 billion.[5][6] Approval of the purchase was granted by the U.S. Surface Transportation Board on December 19, 2012.[7] While awaiting the decision, Genesee & Wyoming put RailAmerica control in the hands of a trust.[8] They assumed control on December 28, 2012,[9] and the company was in the process of integration to G&W.[10][11]
- ^ RailAmerica (December 31, 2009). "Form 10-K: Commission file number 001-32579". United States Securities and Exchange Commission.
- ^ "Fortress Completes Acquisition of RailAmerica, Inc". RailAmerica. February 14, 2007. Archived from the original on February 13, 2012. Retrieved October 31, 2007. Alt URL
- ^ "RailAmerica buys rail construction company". Trains Magazine. July 1, 2010. Retrieved July 5, 2010.
- ^ "RailAmerica to Acquire Gulf and Ohio's Three Alabama Short Lines". Progressive Railroading. April 11, 2011.
- ^ "Genesee & Wyoming to pay $1.39B for RailAmerica". Yahoo! Finance. Greenwich, Conn. Associated Press. July 23, 2012. Retrieved September 22, 2023.
- ^ "UPDATE 4-Genesee & Wyoming to buy RailAmerica for $1.4 billion". Reuters. July 23, 2012. Retrieved July 23, 2012.
- ^ Surface Transportation Board, Decision, Case No. 42772 Archived 2013-04-29 at the Wayback Machine, December 19, 2012
- ^ "Rail America sale completed - Railway Gazette". Railway Gazette International. Retrieved 4 October 2012.
- ^ "Michigan's Railroad History 1825 - 2014" (PDF). Michigan Department of Transportation. 2014-10-13. Retrieved 2024-04-29.
- ^ "RailAmerica acquisition skewed Genesee & Wyoming's 4Q financial results". Progressive Railroading. February 13, 2013. Retrieved 19 March 2015.
- ^ Bowen, Douglas John (2 May 2013). "GWI marks 1Q earnings, new headquarters". Railway Age. Simmons-Boardman Publishing Corporation. Retrieved 2 April 2015.
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