Dollar General shares rise in debut Nov 14, 2009
He noted a number of poorly performing offerings, such as Fortress Investment Group LLC IPO for RailAmerica in October, which immediately skidded as investors saw little potential in the railroad company after company insiders increased the number of shares and cut the price in the offering. Dollar General drew a lot of attention because KKR brought in new management, which helped trim unprofitable stores and improve its performance. (San Francisco Chronicle -- Business)
RailAmerica earnings up 21% Nov 13, 2009
RailAmerica earnings up despite revenue decline - Jacksonville Business Journal ... RailAmerica earnings up despite revenue decline ... RailAmerica s revenue decreased by 17 percent to $110. (Jacksonville Business Journal, FL)
The Dow Crossed 10,000. Time To Start Worrying. Oct 16, 2009
That's why private equity types refer to such events as "exits." Take this week's RailAmerica IPO. A total of 22 million shares were sold to the public at $15 per share, raising about $300 million after fees ... The rest went to Fortress, which got to shed some of its investment in RailAmerica and pocket a small fortune for its owners ... RailAmerica could certainly have used all that $300 million. (Slate)
RailAmerica IPO off to slow start Oct 14, 2009
Jacksonville-based RailAmerica (NYSE: RA) said its income in the first half of the year was up by about 175 percent. Most Read Stories. (Jacksonville Business Journal, FL)
RailAmerica Shares Fall in IPO Debut Oct 14, 2009
RailAmerica shares fall on first day of trading, Fortress keeps majority stake ... Shares of RailAmerica Inc., a North American railroad company that private equity firm Fortress Investment Group LLC bought in 2007, dropped Tuesday on their first day of public trading ... And RailAmerica shares fell $1. (ABC News -- Wire)
Buyout Firms Return to Market on Stock Rally as Select Medical Readies IPO Sep 24, 2009
RailAmerica Inc., a Jacksonville, Florida-based railroad operator owned by Fortress, said Sept. 22 it increased the size of its IPO to $450 million from $300 million. New York-based Fortress bought the company in February 2007. (Bloomberg)
Arizona Railroad Group Becomes ARG Trans Aug 15, 2009
ARG Trans and its principal subsidiary, San Pedro & Southwestern Railroad (SPSR), date to 2003, when SPSR was acquired from RailAmerica. SPSR connects with Union Pacific's Chicago-Los Angeles main line at Benson and extends seven miles to Curtiss, Ariz. (PR Newswire)
More of this story... Aug 14, 2009
States Rail acquired Kyle in 1997 and then States Rail was purchased by RailAmerica in 2002. SJVR line is still owned by RailAmerica, Inc. Based in Boca Raton, Florida, RailAmerica operates 41 short line and regional railroads along 7,800 miles of track in 25 states and three Canadian provinces. (The Exeter Sun, CA)
RailAmerica unveils contract-switching arm Aug 12, 2009
RailAmerica Contract Switching Services will also offer rack maintenance, rail car and locomotive repairs and rail car cleaning ... RailAmerica offers four key benefits to customers in need of a contract-switching provider extensive experience in railway operations, a strong commitment to safety, rigorous employee training programs and a presence throughout the country, Jeff Geary, vice president of the new rail-switching subsidiary, said in a news release. (Jacksonville Business Journal, FL)
RailAmerica to go public Aug 7, 2009
The operator of 40 short-line railroads in 27 states, including the Florida East Coast Railway, RailAmerica filed a registration with the Securities and Exchange Commission ... RailAmerica had $103. (Jacksonville Business Journal, FL)
RailAmerica raises more than $740 million Jun 23, 2009
RailAmerica was able to acquire permanent, long-term capital financing with attractive terms and great flexibility, a move that positions us to grow the company, RailAmerica President and CEO John Giles said in a news release. Reader Comments. (Jacksonville Business Journal, FL)
Railroad company in Benson says it has reached a 10-year safety record Mar 29, 2009
SPSR is owned by the Arizona Railroad Group, which acquired the line in November 2003 from RailAmerica Inc. ... It was successively bought by Kyle Railways in 1992, StatesRail in 1997 and RailAmerica in 2002. (Sierra Vista Herald, AZ)
San Pedro & Southwestern Railroad Sets 10-Year Safety Record Mar 27, 2009
The San Pedro & Southwestern is owned by the Arizona Railroad Group, which acquired the line in November 2003 from RailAmerica, Inc. ... It was successively bought by Kyle Railways in 1992, StatesRail in 1997 and RailAmerica in 2002. (PR Newswire)
Feds to CORP: Use it or lose it (2) Mar 24, 2009
The U.S. Surface Transportation Board issued a decision to RailAmerica, CORP s parent company, on Friday demanding it explain its lack of action ... RailAmerica s senior vice president and general counsel, Scott Williams, said Friday he was taking his first look at the STB decision ... The arrogance of RailAmerica has been extraordinary. (Coos Bay-North Bend The World, OR)
