by Station Aficionado
Per Trains magazine:
Florida East Coast Railway’s owner is getting ready to put the regional up for sale, according to a Bloomberg News report.
Fortress Investment Group, which purchased the FEC for $3.5 billion in June 2007, has hired investment banking firms Barclays and Morgan Stanley to advise on a potential sale, Bloomberg reported, citing unnamed sources said to be familiar with the matter.
It is unclear what impact, if any, a potential sale would have on All Aboard Florida’s Brightline passenger project. All Aboard Florida, another Fortress subsidiary, was created to develop a privately funded and operated passenger service that will use FEC tracks between Miami and Cocoa, Fla., and to Orlando via a proposed new route.