DARIEN, Conn. – Investment firms Brookfield Asset Management Inc. and Blackstone Group LP have shown interest in acquiring shortline railroad operator Genesee & Wyoming. The inquiries are made through affiliate companies Stonepeak Infrastructure Partners and EQT Partners, according to Bloomberg.
In March, Trains News Wire reported of G&W’s desire for an investment parter, or outright sale of the company.
Genesee & Wyoming operates 120 railroads in North America, Europe, and Australia. Its most recent high-profile acquisitions include Providence & Worcester in 2016 and Heart of Georgia Railroad in 2017. In 2012, G&W acquired rival shortline operator RailAmerica, which drastically increased its portfolio.
