OmniTRAX Affiliate Completes Winchester & Western Railroad Acquisition
COVIA HOLDINGS CORP (CVIA)
Last covia holdings corp earnings: 3/10 06:00 am
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Source: Business Wire
Company growth marked by its fourth transaction in past twelve months DENVER--(BUSINESS WIRE)--A managed affiliate of OmniTRAX, Inc. (OmniTRAX), one of the largest privately held rail-centric transportation and logistics service companies in North America, and an affiliate of The Broe Group, has completed the acquisition of the 101 year-old Winchester & Western Railroad (WW) from Covia Holdings Corporation (NYSE: CVIA). The closing marks the successful completion of the transaction originally announced July 26, 2019. WW operates in Maryland, Virginia, West Virginia and New Jersey.The acquisition expands the OmniTRAX-managed short line portfolio into key new distribution locations in multiple east coast markets, providing OmniTRAX’s customers access to 100 million people within a day’s transit. WW joins Cleveland & Cuyahoga Railway (CCRL), Cleveland Port Railway (CHB), Alabama & Tennessee River Railway, LLC (ATN) and Fulton County Railway, LLC (FCR) on the list of recent OmniTRAX tr
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