Infrastructure investor Ancala has launched short line rail business Phoenix Rail, with its first deal being the acquisition of Lehigh Valley Rail Management which owns short line and terminal facilities at Bethlehem and Johnstown in Pennsylvania. www.railwaygazette.com
Phoenix Rail rises with acquisition of Lehigh Valley Rail Management Read More »
Leading independent infrastructure manager Ancala has partnered with Arkadia Rail Partners to form short line railroad platform Phoenix Rail with an experienced rail management team led by Alex Yeros. Phoenix Rail has today completed the acquisition of Lehigh Valley Rail Management (LVRM), an owner and operator of short line rail and intermodal terminal infrastructure in Pennsylvania. The transaction marks Ancala’s second infrastructure investment in North America, following the acquisition of Noventa Energy in 2023.
Ancala and Arkadia form Phoenix Rail to acquire Lehigh Valley Rail Management Read More »