{"id":43721,"date":"2026-03-09T18:00:00","date_gmt":"2026-03-09T18:00:00","guid":{"rendered":"http:\/\/www.prnasia.com\/story\/archive\/4905481_AE05481_0"},"modified":"2026-03-09T18:00:00","modified_gmt":"2026-03-09T18:00:00","slug":"ridgewood-infrastructure-acquires-sierra-railroad-company","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=43721","title":{"rendered":"Ridgewood Infrastructure Acquires Sierra Railroad Company"},"content":{"rendered":"<br \/>\n<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1163658\/Ridgewood_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"legendSpanClass\">NEW YORK<\/span>, <span class=\"legendSpanClass\">March 10, 2026<\/span> \/<span>PRNewswire<\/span>\/ &#8212; <span>Ridgewood<\/span> Infrastructure, a leading investment firm focused on essential infrastructure in the United States, today announced that it has acquired a controlling interest in Sierra Railroad Company (&quot;Sierra&quot;), a California-based <span>shortline<\/span> rail platform providing freight rail, switching, storage, and <span>transloading<\/span> services to a diversified customer base across key essential industrial, agricultural, and energy supply chains. Simultaneously with <span>Ridgewood&#8217;s<\/span> investment Sierra is acquiring Central Valley Ag Transport (&quot;<span>CVAT<\/span>&quot;) an agricultural products <span>transload<\/span> facility owner and operator serving customers along Sierra&#8217;s rail network.<\/p>\n<p>Sierra&#8217;s operating subsidiaries include Sierra Northern Railway (&quot;Sierra Northern&quot;), which owns and operates the freight rail business and provides switching, storage, and <span>transloading<\/span> services across approximately 130 miles of track in California. Sierra Northern&#8217;s network is strategically located near core dairy and agricultural regions, major West Coast ports, and industrial demand centers, enabling critical last-mile connectivity across essential supply chains.<\/p>\n<p>Sierra Northern benefits from strategically located Class I interchanges, including access to both Union Pacific Railroad and <span>BNSF<\/span> Railway, providing customers with enhanced network redundancy, routing flexibility, and connectivity to national rail markets.<\/p>\n<p>The transaction also includes Sierra&#8217;s subsidiary <span>Railpower<\/span>, Inc., which owns and operates the only Federal Railroad Administration (&quot;FRA&quot;)\u2013approved hydrogen-powered locomotive in the United States, reflecting Sierra&#8217;s leadership in rail innovation and zero-emissions locomotive technology.<\/p>\n<p>The acquisition of <span>CVAT<\/span> strengthens Sierra&#8217;s platform by vertically integrating agricultural <span>transload<\/span> capabilities that are essential to California&#8217;s dairy and broader agricultural industry. <span>CVAT<\/span> provides specialized <span>transloading<\/span> services along Sierra Northern&#8217;s network, enabling efficient movement of feed and agricultural products while deepening customer relationships and increasing rail utilization.<\/p>\n<p>&quot;Sierra is a high-quality <span>shortline<\/span> rail platform with strong fundamentals, a diversified customer base, and a strategic footprint in some of California&#8217;s most important industrial and agricultural corridors,&quot; said Ryan Stewart, Partner at <span>Ridgewood<\/span> Infrastructure. &quot;Our team brings deep experience owning and operating <span>shortline<\/span> and other railroad businesses across the United States, and we see meaningful opportunities to build on Sierra&#8217;s strong foundation by driving additional freight volumes for both existing customers and new customers, expanding <span>transload<\/span> capabilities, and supporting innovation across the platform.&quot;<\/p>\n<p>&quot;This partnership with <span>Ridgewood<\/span> marks an important next step for Sierra,&quot; said <span>Kennan<\/span> H. Beard III, Chief Executive Officer of Sierra Northern. &quot;<span>Ridgewood&#8217;s<\/span> experience operating rail and infrastructure businesses, combined with their investment approach, gives us the resources and support to accelerate execution across the platform. We are focused on growing volumes, expanding <span>transload<\/span> capacity, and continuing to serve our customers with the reliability and responsiveness they expect.&quot;<\/p>\n<p>&quot;In selecting a partner for Sierra, it was critical to find an investor with the sector expertise, aligned strategic perspective, and financial capacity to support the company&#8217;s next phase of growth,&quot; said Mike Hart, Founder of Sierra Railroad Corporation who has led the company since its acquisition in 1995. &quot;Sierra had reached a point where meaningful near-term investment was required to pursue identified opportunities.&quot;<\/p>\n<p>&quot;<span>Ridgewood<\/span> stood apart as a differentiated, value-added partner with a deep understanding of the rail industry and a proven track record of building lower middle-market infrastructure businesses,&quot; Mr. Hart added. &quot;Their experience and approach made them the right long-term owner for Sierra, and I am pleased to remain a significant investor alongside <span>Ridgewood<\/span>.&quot;<\/p>\n<p><span>Ridgewood<\/span> was advised by King &amp; <span>Spalding<\/span> and <span>Truist<\/span> Securities. Sierra was advised by <span>Northborne<\/span> Partners. Debt financing for the transaction was provided by Brookfield Infrastructure Credit.<\/p>\n<p><u>About Ridgewood Infrastructure<\/u><\/p>\n<p>Ridgewood Infrastructure invests in essential infrastructure businesses across the transportation, energy, utilities, and industrial sectors. The firm focuses on assets that provide critical services, exhibit durable demand, and offer opportunities for value creation through operational improvement and strategic growth.<\/p>\n<p><u>About Sierra Railroad Company<\/u><\/p>\n<p>Sierra Railroad Company is a California-based rail platform whose subsidiaries include Sierra Northern Railway, a shortline freight rail operator providing switching, storage, and transloading services across approximately 130 miles of track; and Railpower, Inc., a hydrogen locomotive business.<\/p>\n<p><u>About Central Valley Ag Transport<\/u><\/p>\n<p>Central Valley Ag Transport is an agricultural products transload operator serving dairy farmers and agricultural customers along Sierra Northern Railroad&#8217;s network.<\/p>\n<p>Contact info: &nbsp;<br \/>For More Information: &nbsp;<br \/>Ridgewood Infrastructure &nbsp;<br \/>34 East 51st Street, 9th Floor &nbsp;<br \/>New York, NY 10022 &nbsp;<br \/>Phone: (212) 867-0050 &nbsp;<br \/><a href=\"mailto:Inquiries@RidgewoodInfrastructure.com\" target=\"_blank\" rel=\"nofollow noopener\" style=\"color: #0000FF\">Inquiries@RidgewoodInfrastructure.com<\/a><\/p>\n<p>Logo &#8211; <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4636669-1&amp;h=3599060614&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1163658%2FRidgewood_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1163658%2FRidgewood_Logo.jpg\" target=\"_blank\" rel=\"nofollow noopener\" style=\"color: #0000FF\">https:\/\/mma.prnasia.com\/media2\/1163658\/Ridgewood_Logo.jpg?p=medium600<\/a>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, March 10, 2026 \/PRNewswire\/ &#8212; Ridgewood Infrastructure, a leading investment firm focused on essential infrastructure in the United States, today announced that it has acquired a controlling interest in Sierra Railroad Company (&quot;Sierra&quot;), a California-based shortline rail platform providing freight rail, switching, storage, and transloading services to a diversified customer base across key [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-43721","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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