JOPLIN, Missouri – Jaguar Transport Holdings (Jaguar) has acquired five short-line railroads and a railroad construction and maintenance company from The Western Group (TWG).
Jaguar is partnered with OPSEU Pension Plan Trust Fund (OPTrust), which invests and manages one of Canada’s largest pension funds and has significant experience investing in the surface transportation and logistics space.
The Western Group, a rail transportation services company founded in 1972 by Dave Durbano is headquartered in Ogden, Utah.
The railroads being acquired in the transaction are:
Cimarron Valley Railroad in Southwest Kansas, Northern Oklahoma, and Eastern Colorado
Washington Eastern Railroad in Eastern Washington
Texas and Eastern Railroad with operations between Rusk and Palestine, Texas, along with the Texas State Railroad
Southwestern Railroad in Southern New Mexico
Oregon Eastern Railroad in Eastern Oregon
The Western Railroad Builders, a railroad engineering, design, construction, and maintenance firm with industrial and railroad clients is also part of the acquisition.
Jaguar, a transportation, and logistics service company founded in 2018, headquartered in Joplin, Missouri, took over operations on November 1, 2020.
“We are proud and excited to have the opportunity to serve the customers, communities, and partners involved with these properties. With our focus on ‘earning the right to grow’ Jaguar will create long term value for all stakeholders,” said Jaguar’s CEO Stu Towner. “It has been a great experience working with Dave and Linda Durbano. We appreciate all that they have done and look forward to working with their team members to continuously improve upon the legacy of safe and efficient operations that they have created.”
“Selling our companies, some of which were crafted from the ground up 50 years ago, was a tough decision,” commented Durbano. “We have confidence that Jaguar was the right company to carry on what we started. In addition to the railroad entities, they acquired a great number of talented and energetic people under a powerful management team whom we are confident will help Jaguar grow and prosper.”
Jaguar Transport Holdings owns and operates railroads, terminals and transloading facilities throughout North America