BRX Transporation to Sell Pioneer Lines

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Fried Frank acted as counsel to BRX Transportation Holdings, a portfolio company of US InfraVest, Stephens Capital Partners and Brookhaven Capital Partners, in its sale of Pioneer Lines, Inc. ("Pioneer"), a railroad holding company operating 15 short line railroads across 12 states, to Patriot Rail Company LLC ("Patriot"). Since acquiring Pioneer in 2019, BRX Transportation has transformed Pioneer into one of the top short line operators in North America. The transaction will support Patriot's growth strategy, increasing the Jacksonville, FL, company's short line operations to 31 railroads from 16, and enabling an expanded Patriot to serve customers in new markets in Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Michigan, Mississippi, Ohio, Pennsylvania and Tennessee.

The Fried Frank team was led by corporate partner Warren S. de Wied and included corporate partner Michael T. Gershberg, executive compensation & ERISA partner Jason R. Ertel, tax partner Libin Zhang, environmental special counsel Donna Mussio, corporate associates Chelsea C. Lomprey and Randa J. Medley, and tax associate Kelsey B. Massey.