Genesee and Wyoming acquires Pinsly Arkansas Railroads

DARIEN, Conn.–Genesee & Wyoming Inc., which owns short line and regional freight railroads in the United States, Australia, Canada, the Netherlands and Belgium,  has completed the acquisition of Pinsly Railroad Company’s Arkansas Division for approximately $40 million in cash, subject to adjustment for final working capital.

Pinsly Arkansas includes (i) the Arkansas Midland Railroad (AKMD), which is comprised of seven non-contiguous branch lines, (ii) the Prescott & Northwestern Railroad (PNW), (iii) the Warren & Saline River Railroad (WSR), and (iv) the two Arkansas transload operations of Pinsly’s Railroad Distribution Services subsidiary. The railroads operate over 137 miles of owned and leased track serving the Hot Springs and Little Rock areas, as well as the southwestern and southeastern portions of the state, and currently haul approximately 35,000 carloads per year, said a company release.