Genesee & Wyoming, Inc. (GWI) to acquire Rail America (RA) for $27.50 per share. Both companies are listed on the New York Stock Exchange.
The transaction combines the two largest short line and regional railroad operators in North America, with 108 railroads and strong exposure to eventual U.S. economic recovery.http://www.marketwatch.com/story/genese ... 2012-07-23
GWI is an experienced acquirer of short line railroads, having integrated 65 railroads through 36 acquisitions since 1985. The operational integration of RailAmerica will be led by a joint integration team from both companies.Besides the US and Canada, GWI also has significant operations in Australia.