Anacostia Buys PWR: US Rail Expansion & Operational Growth

In December 2021, Anacostia Rail Holdings acquired the Providence and Worcester Railroad for $372 million. This expands their network and operational capabilities; *discover how!*

November 4, 2016 3:29 pm

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Introduction

In December 2021, Anacostia Rail Holdings announced the acquisition of the Providence and Worcester Railroad (PWR) for approximately $372 million. This move is set to expand Anacostia’s rail network and operational capabilities.

Acquisition Details

The acquisition of the Providence and Worcester Railroad by Anacostia Rail Holdings was valued at roughly $372 million. The deal’s specifics were finalized in December 2021. The purchase included all outstanding shares of PWR.

Providence and Worcester Railroad Operations

The Providence and Worcester Railroad operates approximately 170 miles of track in Rhode Island, Massachusetts, and Connecticut. The railway handles a diverse range of commodities, including construction materials, chemicals, and consumer products. PWR employs around 140 people.

Anacostia Rail Holdings Expansion

Anacostia Rail Holdings, through this acquisition, aims to strengthen its presence in the Northeast United States. The deal is expected to increase Anacostia’s total track miles and diversify its portfolio of freight services. This expansion strategy aligns with Anacostia’s broader goals for growth in the North American rail industry.
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Future Implications

The Providence and Worcester Railroad acquisition by Anacostia is anticipated to improve operational efficiencies and expand market reach. The integration of PWR into Anacostia’s network is expected to create new opportunities for both entities. This strategic move underscores the continuing consolidation and evolution of the rail freight sector.

Conclusion

Anacostia Rail Holdings finalized the acquisition of the Providence and Worcester Railroad in December 2021 for approximately $372 million. This strategic move is poised to enhance Anacostia’s operational capabilities and market presence.

Company Summary

Anacostia Rail Holdings: Anacostia Rail Holdings acquired the Providence and Worcester Railroad in December 2021. The company aims to expand its rail network and operational capabilities.

Providence and Worcester Railroad: The Providence and Worcester Railroad was acquired by Anacostia Rail Holdings in December 2021 for approximately $372 million. PWR operates approximately 170 miles of track in Rhode Island, Massachusetts, and Connecticut. The railway employs around 140 people.

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