Choo-choo! Trive recaps Iowa Northern Railway
Dallas-based private equity firm Trive Capital announced that it has recapitalized Iowa Northern Railway Company, joining with the company’s senior management on the deal. The size of the investmet was undisclosed. Based in Cedar Rapids, IANR operates about 250 miles of track in eastern and northern Iowa, serving regional customers in the grain, fertilizer and specialty chemical markets. The railroad was built in the 1870s and has been owned and operated by the Sabin family since 1994.
29 March 2016•3 mins read
