3i-backed Regional Rail, a leading owner, and operator of short-line freight railroads and rail-related businesses in the Mid-Atlantic U.S., has agreed to acquire Pinsly Railroad Company’s Florida operations with 208 miles of track across three short-line railroads.

Pinsly’s Florida operations include the Florida Central Railroad, the Florida Midland Railroad and the Florida Northern Railroad. The railroads provide freight transportation, transload and railcar-storage services to a broad customer base of over 65 blue-chip companies covering a diverse set of end-markets, including heating, fuel blending, building products, chemicals, food and agriculture, scrap metal and plastic resins.

Given its location in and around Orlando and Tampa, Pinsly’s Florida operations provide freight traffic that is over 90% inbound serving multiple, high-growth consumption markets throughout the state. With a strong population and economic trends forecast for the region, the lines are well-positioned to continue the impressive traffic growth they have experienced historically.

3i invested in Regional Rail in July 2019. The company provides freight transportation, railcar storage and transloading services in New York, Pennsylvania and Delaware across three railroads with over 155 miles of track connecting into a diversified Class 1 railroad network. In 2018, the company moved over 13,000 carloads while serving over 70 customers across an extensive set of end-user markets including heating, fuel blending, food & beverage, agriculture, chemicals, and metals. In addition to rail transportation services, the company also provides railroad crossing signal design, construction, inspection, and maintenance services to a diverse base of over 100 short-line and industrial customers across 20 states.