RailAmerica has announced that it has completed its acquisition of three Alabama railroads for $12.7 million in cash.
The three railroads, known individually as the Three Notch Railroad (THNR), the Wiregrass Central Railroad (WGCR), and the Conecuh Valley Railroad (COEH), were purchased from affiliates of Gulf and Ohio Railways, Inc.
RailAmerica, Inc. owns and operates short line and regional freight railroads in North America, operating a portfolio of 43 individual railroads with approximately 7,400 miles of track in 27 U.S. states and three Canadian provinces.
