GWI plans to integrate RailAmerica’s 45 railroads into GWI’s eight existing North American Regions and to create two new regions, headquartered in Michigan and Texas, respectively. Centralized administrative functions, including accounting, information technology, human resources, operations support, customer service and others will continue to be provided from offices in both Jacksonville, FL and Rochester, NY, with GWI’s corporate headquarters remaining in Connecticut.GWI is an experienced acquirer of short line railroads, having integrated 65 railroads through 36 acquisitions since 1985. The operational integration of RailAmerica will be led by GWI’s current Chief Operating Officer, Jim Benz, who will manage the integration until its completion, postponing his previously announced retirement. Upon Mr. Benz assuming his integration responsibilities, David A. Brown will succeed Mr. Benz as Chief Operating Officer of GWI.
The Carlyle Group To Invest In Genesee & Wyoming, Enabling Genesee’s Acquisition Of RailAmerica, Inc. For $2 Billion
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