On 29th August 2023, Gulf & Atlantic Railways entered into an agreement to acquire the rail assets of Pinsly Railroad. The acquisition includes the short-line Pioneer Valley Railroad (PVRR) and the rail-operated storage and distribution company Railroad Distribution Services (RDS), with the transaction subject to regulatory approval. The 29 km PVRR line runs from Westfield to Holyoke in Massachusetts and provides access to the CSX and Pan Am Southern networks. Together with RDS, it serves more than 30 customers in various industries. Florida-based Gulf & Atlantic Railways currently owns and operates five regional and short-line railway lines totalling 1,145 km in six US states and is focusing its strategic planning on growth through existing customers and through acquisitions. Pinsly Railroad was advised on the deal by Northborne Partners.
