OmniTRAX Affiliate to Acquire Winchester & Western Railroad

A managed affiliate of OmniTRAX, Inc. has entered into an agreement to acquire the Winchester & Western Railroad (WW) from Covia Holdings Corporation for $105 million. The acquisition is expected to close during the 2019 third quarter and is subject to customary closing conditions, including Surface Transportation Board review.

The 101-year-old WW operates in Maryland, New Jersey, West Virginia and Virginia. The acquisition will expand the OmniTRAX-managed short line portfolio to new distribution locations in multiple east coast markets.

“OmniTRAX has been growing at an average annual rate of 20+ percent for the past five years and the acquisition of this strategic distribution hub is a deliberate step toward enhancing the continued growth and strength of our thriving network,” said Kevin Shuba, OmniTRAX chief executive officer.

“Our expansion into these dynamic markets with a diverse, established customer base and strong regional economic partners offers tremendous growth potential and we have high expectations for economic impact and job production,” added Shuba.

OmniTRAX is an affiliate of The Broe Group.