G3 Canada Limited Sells Portfolio of Canadian Freight Rail Assets to 3i-Backed Entity
Posted on 11/14/2022
North American rail infrastructure group Regional Rail acquired a portfolio of freight rail assets from G3 Canada Limited. Regional Rail is backed by 3i Infrastructure (3i Group). 3i Infrastructure acquired Great Sandhills Railway and will also buy interests in three other freight rail assets located in western Canada. The Great Sandhills Railway is a Canadian short line railway company that operates 123 miles of track west of Swift Current, Saskatchewan in the provinces of Saskatchewan and Alberta. The deal was revealed on November 11, 2022.
Since partnering in July 2019, 3i and Regional Rail have more than doubled the size of Regional Rail with the acquisitions of ten freight railroads located across North America. The company provides freight transportation, car storage, and transloading services across the United States, in addition to freight rail services in western Canada. In addition to freight services, Regional Rail provides railroad crossing signal design, construction, inspection, and maintenance services to a diverse base of short-line and industrial customers in 20 U.S. states via the company’s Diamondback Signal subsidiary.
