Pioneer News

Related, Brookhaven Rail Partners, and Stephens Complete Acquisition of Pioneer Railcorp, A Premier Owner of Short-Line Railroads and Railroad Related Businesses

NEW YORK, NY – July 31, 2019 – Related Fund Management, Brookhaven Rail Partners, and Stephens Capital Partners LLC today announced the acquisition of Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company.

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Pioneer Railcorp Shareholders Approve Merger Agreement With BRX Transportation Holdings

PEORIA, IL, July 19, 2019 /PRNewswire/ — Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, today announced that its shareholders have approved the previously announced definitive merger agreement with BRX Transportation Holdings, LLC (“BRX”), an entity formed by Brookhaven Rail Partners (“Brookhaven”), Related Infrastructure (“Related”) and Stephens Capital Partners LLC (“Stephens”).

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Pioneer Railcorp Enters Into Merger Agreement To Be Acquired By BRX Transportation Holdings For $18.81 Per Share In Cash

PEORIA, IL, May 17, 2019 /PRNewswire/ — Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, and BRX Transportation Holdings, LLC (“BRX”), an entity formed by Brookhaven Rail Partners (“Brookhaven“) and Related Infrastructure (“Related”), announced entry into a definitive merger agreement under which BRX will acquire Pioneer for $18.81 per share in cash.

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