Levine Leichtman Capital Partners acquires Regional Rail
Written by Jenifer Nunez, assistant editor
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has completed the acquisition of Regional Rail, LLC (Regional Rail), operator of shortline railroads and rail-related businesses in the United States.
Formed in 2007 and headquartered in Kennett Square, Pa., Regional Rail acquired several shortline railroads in the mid-Atlantic region serving a broad range of customers in markets including agriculture, lumber, energy and metal products. The company’s wholly-owned subsidiary, Diamondback Signal, provides engineering, construction and maintenance for rail crossings.
“We are excited to partner with Bob Parker, Al Sauer and the rest of the management team who have assembled very strategic assets serving the logistics needs of a diverse set of customers throughout the region,” said Lauren Leichtman, co-founder and chief executive officer of LLCP. “These railroad veterans have done a great job acquiring undermanaged railroad assets and improving the operational performance to create value.”
Regional Rail’s management team will retain significant ownership and will continue to lead the company.
