CRC alliance with Taylor-DeJongh to target expansion of CRC shortline portfolio

Written by Jenifer Nunez, assistant editor
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Continental Rail Corp.

Continental Rail Corporation (CRC) says it has established a strategic relationship with energy and infrastructure banking firm Taylor-DeJongh that will target transportation infrastructure assets in North America.

 

“This strategic relationship with Taylor-DeJongh, that we have been actively developing over the past 14 months, has now brought us to the next important step in the execution of our strategy to expand CRC’s portfolio of shortline railroads and railroad rolling stock. Our relationship with TDJ positions CRC well within the rail industry and will enable our team to execute on our business plan to reach new markets throughout North America,” said John Marino, chief executive officer of Continental Rail Corp. “Taylor-DeJongh’s experience in the energy and infrastructure space significantly expands our combined market opportunities. I look forward to successfully executing on our strategic plan and increasing value for our customers and shareholders.”

CRC notes shortline and regional railroads generate approximately $4 billion in annual revenue across an infrastructure that comprise approximately one-third of the national rail network and play a vital role to rail customers located in smaller communities which are not serviced by Class 1 railroads.

“This milestone alliance is the culmination of months of intensive efforts,” stated Ibrahim Mardam-Bey, president of Taylor-DeJongh. “Robust infrastructure is the foundation of healthy growth within the rail industry and, to that end, we have spared no effort over the past 12 months to build the systems, management teams and strategic relationships required for expansion in this space. We are confident that CRC is prepared to close several transactions in 2015.”

 

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