Deals
SteelRiver Infrastructure Pursues Sale of Patriot Rail
- Firm working with an adviser on deal for Florida-based Patriot
- Patriot Rail could fetch more than $600 million, people say
Photographer: Daniel Acker/Bloomberg
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SteelRiver Infrastructure Partners is seeking a buyer for Patriot Rail Co., a transportation company that could fetch more than $600 million, according to people with knowledge of the matter.
The infrastructure firm is working with an adviser ahead of a potential sale of the Jacksonville, Florida-based company, said the people, who asked not to be named because the matter is private. Representatives for SteelRiver and Patriot Rail didn’t immediately respond to requests for comment.