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RailAmerica

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]

Former subsidiaries

RailAmerica controlled the following railroads. It acquired some through purchase of other holding companies: RailLink Canada in July 1999, RailTex in February 2000, ParkSierra and StatesRail in January 2002, and the rail properties of Alcoa in September 2005.

In addition to those listed below, RailAmerica's prior owner, Fortress Investment Group, purchased the Florida East Coast Railway (FEC) in September 2007 from Florida East Coast Industries. Although Fortress maintained a level of common control between the two railroads, FEC was never made a formal part of the RailAmerica family, and Fortress did not include FEC in the RailAmerica spinoff.

RailAmerica was founded by Gary O. Marino and John H. Marino in 1986.

External links

References

  1. RailAmerica. Form 10-K: Commission file number 001-32579 United States Securities and Exchange Commission, December 31, 2009^
  2. Alt URL Fortress Completes Acquisition of RailAmerica, Inc. RailAmerica, February 14, 2007, retrieved October 31, 2007^
  3. RailAmerica buys rail construction company Trains Magazine, July 1, 2010, retrieved July 5, 2010^
  4. RailAmerica to Acquire Gulf and Ohio's Three Alabama Short Lines Progressive Railroading, April 11, 2011^
  5. Genesee & Wyoming to pay $1.39B for RailAmerica Yahoo! Finance, July 23, 2012, retrieved September 22, 2023^
  6. UPDATE 4-Genesee & Wyoming to buy RailAmerica for $1.4 billion Reuters, July 23, 2012, retrieved July 23, 2012^
  7. Surface Transportation Board, Decision, Case No. 42772, December 19, 2012^
  8. Rail America sale completed - Railway Gazette Railway Gazette International, retrieved 4 October 2012^
  9. Michigan's Railroad History 1825 - 2014 Michigan Department of Transportation, 2014-10-13, retrieved 2024-04-29^
  10. RailAmerica acquisition skewed Genesee & Wyoming's 4Q financial results Progressive Railroading, February 13, 2013, retrieved 19 March 2015^
  11. Douglas John Bowen. GWI marks 1Q earnings, new headquarters Railway Age, Simmons-Boardman Publishing Corporation, 2 May 2013, retrieved 2 April 2015^
  12. Securities and Exchange Commission, Form 10-K: RailAmerica, Inc., for the fiscal year ended December 31, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005^
  13. STB Finance Docket No. 34128, December 28, 2001^
  14. STB Finance Docket No. 34197, May 23, 2002^
  15. Securities and Exchange Commission, Form 8-K: RailTex, Inc., November 8, 1999^
  16. STB Finance Docket No. 33048, September 13, 1996^
  17. STB Finance Docket No. 34508, July 30, 2004^
  18. STB Finance Docket No. 34130, January 30, 2002^
  19. RailAmerica acquires Marquette Rail Rail-USA, 8 February 2012, retrieved 15 February 2012^
  20. STB Finance Docket No. 33138, October 25, 1996^
  21. STB Finance Docket No. 34758, October 19, 2005^
  22. STB Finance Docket No. 33777, September 17, 1999^
  23. STB Finance Docket No. 33650, September 24, 1998^
  24. STB Docket No. AB-855 (Sub-No. 1X), September 29, 2003^
  25. STB Finance Docket No. 34129, December 28, 2001^
  26. STB Finance Docket No. 34614, December 22, 2004^
  27. STB Docket No. AB-472 (Sub-No. 1X), December 27, 2001^
  28. STB Finance Docket No. 33722, April 16, 1999^
  29. STB Finance Docket No. 32990, July 17, 1996^
  30. STB Finance Docket No. 33505, November 21, 1997^
  31. RailAmerica: History, accessed December 2008^
  32. History of the GSWR, accessed December 2008^
  33. STB Finance Docket No. 33287, November 18, 1996^
  34. Railroad Retirement Board, Employer Status Determination: Indiana & Ohio Central Railroad, Inc., October 11, 2005^
  35. Railroad Retirement Board, Employer Status Determination: Marksman Corporation, December 18, 2000^
  36. STB Docket No. AB-856 (Sub-No. 1X), November 18, 2003^
  37. STB Finance Docket No. 33316, March 12, 1997^
  38. STB Finance Docket No. 33911, August 31, 2000^
  39. STB Finance Docket No. 33978, January 11, 2001^
  40. STB Finance Docket No. 33443, September 3, 1997^
  41. Railroad Retirement Board, Employer Status Determination: Saginaw Valley Railway Company, March 22, 2005^
  42. STB Finance Docket No. 34352, July 18, 2003^
  43. STB Finance Docket No. 34799, January 12, 2006^
  44. STB Finance Docket No. 34430, November 21, 2003^
  45. STB Finance Docket No. 33987, January 12, 2001^
  46. STB Finance Docket No. 33813, November 16, 1999^
  47. Permian Basin Railways, accessed December 2008^
  48. STB Finance Docket No. 34206, June 14, 2002^
  49. STB Finance Docket No. 34613, December 22, 2004^