Watco Transloading, LLC Acquires River Road Terminals, LLC in Louisville, Kentucky
PITTSBURG, KANSAS – April 7, 2016 - Watco Transloading, L.L.C. (“Watco”), is excited to announce the acquisition of the assets of River Road Terminals, LLC. In conjunction with the acquisition, Watco has entered into a 10-year lease of the underlying 38 acres of real estate. At the end of the term of the lease, Watco has the option to take ownership of the real estate. River Road Terminals handles various dry bulk commodities including fertilizer, salt, anthracite, lignite, and other ores and minerals. The terminal is located at Mile Marker 601 on the Ohio River. Rail access is provided by RJCC short line operated by R.J. Corman, which interchanges with the CSX in Louisville and Winchester, Kentucky, and the Norfolk Southern in Lexington, Kentucky.
River Road Terminals has been owned by Paul Buddeke for over 40 years. “The River Road Terminal will be a great addition to the Watco network and I look forward to the value I know the Watco Team will bring to the Terminal’s team and great customers,” said Buddeke.
Will Patterson, senior vice president of marketing and sales, said, “We look forward to working with the great customers who utilize River Road Terminal today and continuing to provide solutions to their logistical needs. This adds a third terminal in the Louisville/Jeffersonville area for Watco and serves to diversify the commodities and industries we serve.”
“Watco is very pleased to be working with the great customers at River Road, many of whom we serve today on our railroads. We look forward to continuing to safely create value for them in the terminaling space,” said Nick Coomes, senior vice president of operations.
About Watco Transloading, L.L.C.
Watco Transloading, L.L.C., d/b/a Watco Terminal and Port Services is owned by Watco Companies, L.L.C., and consists of 55 terminal facilities located throughout the United States. Watco Companies, LLC, is a Pittsburg, Kansas, based transportation company providing rail, terminal and port, supply chain, and mechanical services to Customers throughout North America and Australia. Watco is the owner of Watco Transportation Services, LLC, one of the largest short line railroad holding companies in the U.S. with 35 short line railroads operating on more than 4,700 miles of track, as well as 30 industrial contract switching locations. Watco Companies is a 50/50 joint venture partner with The Greenbrier Companies, Inc., in GBW Railcar Services, LLC. GBW repairs and refurbishes freight cars at 33 locations across North America, including 14 tank car repair and maintenance facilities certified by the Association of American Railroads. More information about Watco and its subsidiaries can be found at www.watcocompanies.com.