M&A Deal Summary

Patriot Rail Acquires Pioneer Lines

On August 8, 2022, Patriot Rail acquired transportation company Pioneer Lines from Stephens Capital Partners and Brookhaven Rail Partners

Acquisition Highlights
  • This is Patriot Rail’s 1st transaction in the Transportation sector.
  • This is Patriot Rail’s 1st transaction in the United States.
  • This is Patriot Rail’s 1st transaction in Colorado.

M&A Deal Summary

Date 2022-08-08
Target Pioneer Lines
Sector Transportation
Buyer(s) Patriot Rail
Sellers(s) Stephens Capital Partners
Brookhaven Rail Partners
Deal Type Add-on Acquisition
Advisor(s) Arnold & Porter (Legal)

Target

Pioneer Lines

Greenwood, Colorado, United States
Pioneer Lines is a railroad holding company operating 15 short-line railroads across 12 states, from BRX Transportation Holdings. Pioneer Lines is based in Greenwood, Colorado.

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Buyer(S) 1

Buyer

Patriot Rail

Jacksonville, Florida, United States

Category Company
Founded 2006
Sector Transportation
DESCRIPTION

Patriot Rail Co. is a provider of rail-based service solutions throughout North America. Patriot Rail Co. was founded in 2006 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 Delta Southern Railroad

Tallulah, Louisiana, United States

Delta Southern Railroad is a short-line railroad company operating two-line segments in Louisiana. Delta Southern transports grain, aggregate materials, agricultural products, cotton, coal, chemicals, fertilizer, forest products, sand clay, and soda ash. Delta Southern Railroad was founded in 2009 and is based in Tallulah, Louisiana.

Buy -

Seller(S) 2

SELLER

Stephens Capital Partners

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stephens Capital Partners is the direct, private equity investment arm of financial services firm Stephens, Inc. Stephens Capital looks to acquire minority or majority stakes in mid-sized, profitable companies in partnership with management. The Firm will consider opportunities throughout the US valued between $50 and $200 million. Stephens Capital will not consider venture investments or turnaround situations. Stephens Capital Partners is based in Little Rock, Arkansas.


DEAL STATS #
Overall 40 of 40
Sector (Transportation) 2 of 2
Type (Add-on Acquisition) 19 of 19
State (Colorado) 1 of 1
Country (United States) 39 of 39
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 SI-UK

London, United Kingdom

SI-UK provides free advice and support to international students applying to study in the UK. It is a recruitment agent for almost all Higher Education Institutions in the UK, with presence in 40 different source markets. SI-UK was founded in 2006 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 Lenders Title Group

Greenbrier, Arkansas, United States

Lenders Title Group is a title insurance agency in the American Southeast, operating in Arkansas, Louisiana and Tennessee, and has diligently served the real estate community for over 100 years. Lenders Title Group was founded in 1987 and is based in Greenbrier, Arkansas.

Buy -
SELLER

Brookhaven Rail Partners

Yaphank, New York, United States

Category Company
Sector Transportation
DESCRIPTION

Brookhaven Rail Partners operates in conjunction with the Brookhaven Terminal, offering customers a more efficient solution to their logistics need. Brookhaven Rail Partners is based in Yaphank, New York.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 Pioneer Lines

Greenwood, Colorado, United States

Pioneer Lines is a railroad holding company operating 15 short-line railroads across 12 states, from BRX Transportation Holdings. Pioneer Lines is based in Greenwood, Colorado.

Buy -