Chicago-headquartered Anacostia Rail Holdings Co. and Brown Brothers Harriman Capital Partners have formed Precision Terminal Logistics, a jointly owned entity that will operate, build and acquire transloading terminals across the U.S. while headquartered in the Pittsburgh area.
In conjunction with its formation, PTL has acquired select assets from Arrow Material Services LLC, a Sewickley, Pennsylvania, provider of transloading and related services. Transloading allows customers without direct rail access to profit from the logistical and environmental benefits of the North American railroad network.
PTL will encompass 23 terminals and facilities in 15 states. PTL’s terminals will provide logistics solutions to transportation companies, including materials handling, logistics services, transloading, secure bulk commodity storage and facility construction.
While PTL will operate independently, it will leverage the relationships of both ARH and BBHCP to grow its presence and services. PTL has appointed Ray Nixon as its CEO.
BBHCP’s investment was made through the BBH Capital Partners Opportunities Fund L.P., which closed in 2018 with committed capital of $250 million. BBHCP, a private equity strategy of New York-headquartered Brown Brothers Harriman, provides friendly capital solutions to growth-oriented middle-market companies.
ARH is a privately held holding company that owns and operates freight railroads throughout the U.S. ARH’s six owned railroads handle the equivalent of over 1 million carloads annually, as ARH provides freight services on more than 600 miles of track.