On Aug. 26, global infrastructure investor First State Investments (FSI) announced it reached an agreement with investment manager Steel River Infrastructure Partners to acquire Patriot Rail and Ports, which owns 12 short lines operating across 14 states. Terms were not disclosed.
“The short-line sector, providing essential transportation services to industrial regions in the United States, is a strong fit with First State’s long-term infrastructure investment strategy and mandate,” said John Ma, director of the Sydney, Australia-based FSI infrastructure team, in a prepared statement.
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