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Comment on Ohio’s Largest Regional Railroad Moving Frac Sand & NGLs Gets Sold by CP7019@gbtb
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Comments for Marcellus Drilling News
Yes, we're suckers for a good railroad story.
FTAL Infrastructure owns short line and terminal switching operator Transtar and is an affiliate of Fortress Investment Group.
It's kind of a Matryoshka doll (a Russian "nesting" doll of one thing inside another).
Transtar, owned by FTAL, which is owned by Fortress, is buying the Wheeling & Lake Erie (W&LE) regional railroad for $1.05 billion.
W&LE, headquartered in Brewster (Stark County), Ohio, owns 840 miles of track in Ohio, Pennsylvania, and West Virginia.
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