September 21, 2020– Pioneer Railcorp will receieve a $4.1 million federal grant to help pay for a project to perform critical safety improvements at its Napoleon Defiance & Western Railway (NDW) subsidiary, which operates along 58 miles between Woodburn, Indiana and Liberty Center, Ohio.
Under new ownership and management, Pioneer Railcorp has gained a new lease on business growth
August, 2020 – A year ago, BRX Transportation Holdings LLC purchased Pioneer Railcorp. A partnership between Related Fund Management subsidiary Related Infrastructure, Brookhaven Rail Partners and Stephens Capital Partners LLC, BRX bought the short-line holding company as a platform investment and installed BRX partner Alex Yeros as its leader.
Related, Brookhaven Rail Partners, and Stephens Complete Acquisition of Pioneer Railcorp, A Premier Owner of Short-Line Railroads and Railroad Related Businesses
NEW YORK, NY – July 31, 2019 – Related Fund Management, Brookhaven Rail Partners, and Stephens Capital Partners LLC today announced the acquisition of Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company.
Pioneer Railcorp Shareholders Approve Merger Agreement With BRX Transportation Holdings
PEORIA, IL, July 19, 2019 /PRNewswire/ — Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, today announced that its shareholders have approved the previously announced definitive merger agreement with BRX Transportation Holdings, LLC (“BRX”), an entity formed by Brookhaven Rail Partners (“Brookhaven”), Related Infrastructure (“Related”) and Stephens Capital Partners LLC (“Stephens”).
Pioneer Railcorp Enters Into Merger Agreement To Be Acquired By BRX Transportation Holdings For $18.81 Per Share In Cash
PEORIA, IL, May 17, 2019 /PRNewswire/ — Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, and BRX Transportation Holdings, LLC (“BRX”), an entity formed by Brookhaven Rail Partners (“Brookhaven“) and Related Infrastructure (“Related”), announced entry into a definitive merger agreement under which BRX will acquire Pioneer for $18.81 per share in cash.