NICHOLASVILLE, Ky. (LEX 18) – R. J. Corman Railroad Company announced the finalization of an agreement to acquire the Nashville & Eastern Railroad Corp., Nashville & Western Railroad Corp., Transit Solutions Group, a commuter rail operation, and three related operating entities.
The closing is subject to customary regulatory approvals, and R. J. Corman is expected to take over operations in January 2019.
“This acquisition is a big step in our company’s goal of growing in our core competencies,” said Ed Quinn, President and CEO of R. J. Corman Railroad Group, LLC. “The Nashville & Eastern family of companies have an incredible reputation in the short line industry and with their customers. We are excited to bring these companies and their team of talented employees into our brand and to continue to serve the customers with safe and efficient operations. The foundation of the company, and its growth through the years, is impressive and we look forward to working together to build on the legacy and continue to grow into the future.”
R. J. Corman Railroad Company, LLC operates 11 short line railroads in nine states, including Tennessee, and is a subsidiary of R. J. Corman Railroad Group, LLC.