RailAmerica RA today
announced that it has signed an agreement to acquire Marquette Rail LLC for $40 million subject to final adjustments for working
capital. The acquisition is subject to customary closing conditions and
Surface Transportation Board approval.
Headquartered in Ludington, MI, Marquette operates 126 miles of track running
from Grand Rapids, MI to Ludington and Manistee, MI. Marquette interchanges
with CSXT in Grand Rapids and serves customers primarily in the chemical, pulp
& paper, and non-metallics industries. Marquette hauled approximately
fifteen-thousand carloads of freight during the fiscal year ended 2011.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in