Pinsly Railroad Company (2024)
| Company type | Private |
|---|---|
| Industry | Railroad holding company |
| Predecessor | Gulf & Atlantic Railways |
| Founded | 1938 |
| Headquarters | Jacksonville , United States |
Area served | United States |
| Products | Short line railroads |
| Parent | Macquarie Infrastructure Partners |
Pinsly Railroad Company is a U.S.-based short line railroad holding company that manages six railroads throughout the country. Previously operating under the name Gulf & Atlantic Railways, the firm adopted the Pinsly Railroad Company brand on March 1, 2024. Its combined rail lines cover a total of 767 miles.
History
Founded in 1938, the original Pinsly Railroad Company was one of the longest-standing short-line holding entities in the United States. The current incarnation began as RailUSA in October 2018, created by private equity firm Equity Group Investments.
RailUSA’s first purchase was the Grenada Railroad from Iowa Pacific, with intentions to rehabilitate the 87-mile southern portion that had been inactive since 2011. The following year, it acquired the Florida Gulf & Atlantic Railroad from CSX.
In April 2022, ownership of RailUSA transferred to Macquarie Infrastructure Partners. A year later, on March 1, 2023, RailUSA moved its headquarters to Jacksonville, Florida and changed its name to Gulf & Atlantic Railways to reflect its expansion goals.
By May 2023, Gulf & Atlantic Railways had grown from managing two short lines to five through acquisitions of the Camp Chase Railroad, Chesapeake & Indiana Railroad, and Vermilion Valley Railroad from Midwestern & Bluegrass Rail. In August 2023, Macquarie Infrastructure Partners further expanded the portfolio by adding the Pioneer Valley Railroad via Gulf & Atlantic Railways; this transaction also included the warehousing firm Railroad Distribution Services. Later in 2023, Gulf & Atlantic Railways announced its intention to purchase the Northern Indiana Railroad Company (NIRC), which holds land assets associated with the Chesapeake & Indiana Railroad (CKIN).
In February 2024, Gulf & Atlantic Railways pursued a merger of NIRC into CKIN. The company officially rebranded as Pinsly Railroad Company on May 1, 2024. Subsequently, on August 20, 2024, it signed a definitive agreement to acquire the Hondo Railway, subject to regulatory approval.
Railroads
| Name | Mark | Class | Holding | Trackage | State(s) | Notes |
|---|---|---|---|---|---|---|
| Grenada Railroad | GRYR | III | Purchased 2018 | 235.8 mi (379.5 km) | MS | |
| Florida Gulf and Atlantic Railroad | FGA | III | Purchased 2019 | 438.1 mi (705.1 km) | FL | |
| Camp Chase Railway | CAMY | III | Purchased May 2023 | 17.1 mi (27.5 km) | OH | |
| Chesapeake & Indiana Railroad | CKIN | III | Purchased May 2023 | 34.9 mi (56.2 km) | IN | |
| Vermilion Valley Railroad | VVRR | III | Purchased May 2023 | 9.3 mi (15.0 km) | IN/IL | |
| Pioneer Valley Railroad | PVRR | III | Purchased Aug. 2023 | 27 mi (43 km) | MA | |
| Hondo Railway | HRR | III | Purchased Aug. 2024 | 5 mi (8.0 km) | TX |