International Train Partners Acquires Grenada Railroad
BOCA RATON, Fla.--(BUSINESS WIRE)--International Rail Partners LLC (“IRP”) today announced the acquisition of Grenada Railroad LLC (“Grenada” or “GRYR”), from Iowa Pacific Holdings LLC (“IPH”). IRP will operate Grenada through a lease-purchase agreement with the North Central Mississippi Regional Railroad Authority (“NCMRRA”). IRP commenced rail operations on the line effective August 2, 2018. Terms of the acquisition were not disclosed. Oppenheimer & Co. Inc. acted as exclusive financial advisor to IRP in connection with the acquisition.