Monday, June 17, 2019 8:22:28 AM
Investment Bank's Efforts to Support Company’s Acquisition Program
LAS VEGAS, NV, June 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – United Rail, Inc. (OTCPK: URAL), a short-line railroad consolidator and owner of the SmartRail brand for electronic Precision Railroading and brand licensor, today announced that it has engaged Chicago-based Peakstone to raise capital for the Company’s acquisition program of short-line railroads.
The Company said that it has an active pipeline and plans to acquire seven short-line railroads over the next twelve months.
Michael Barron, CEO of United Rail, said, "Over the past year we have identified several railroads that we have determined to be undervalued in the market. We have a very specific set of parameters and a strict evaluation process in terms of revenues, net income and operating margins. If the targets do not meet our criteria, we exclude those from consideration. All of our acquisitions are immediately accretive.
“Once we complete an acquisition, we employ our SmartRail Precision Railroading system to further improve efficiency and increase our operating margins by approximately 15%.”
Mr. Barron added, “Our plan is aggressive and ambitious, and we have a proven model. We believe we made the right choice in selecting Peakstone. They have a very active Transportation and Logistics practice, and their team of bankers and analysts have extensive experience in the railroad sector. They have deep industry knowledge and relationships with key investors specific to our sector.”
The Company previously announced it had acquired New England Southern (NES), a short-line railroad operator that provides a variety of value-added rail transportation services including transloading, private industrial rail car switching and rail car storage. NES leases and operates approximately 22 miles of rail lines in the Concord, NH area.
About Peakstone
Peakstone is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. The team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.
About United Rail Inc.
United Rail, Inc. is in the business of acquiring short line railroads in the freight operations space. The company has been active in this space for several years. It has operated both passenger rail excursions and short line freight operations and plans to develop rail infrastructure projects and terminal operations.
FEATURED Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM