OmniTRAX Affiliate Has Purchased Alabama & Tennessee River Railway And Fulton County Railway From CSX

A managed affiliate of OmniTRAX, Inc., one of the largest privately held
transportation service companies in North America and an affiliate of
The Broe Group, has acquired the Alabama & Tennessee River Railway, LLC
(ATN) and the Fulton County Railway, LLC (FCR) from CSX. Terms for the
transaction were not disclosed.

“The Alabama & Tennessee River Railway and the Fulton County Railway
have been great operations for OmniTRAX due to the business friendly
climate in Alabama and Georgia, strong regional commodity flows and
select expansion opportunities,” said Kevin Shuba, CEO of OmniTRAX.

“The transaction marks another milestone in our strong relationship with
CSX. We thank the CSX team for their professionalism during the process
and look forward to working with them to support current and future
customers on the two railroads.”

The operations of the ATN and FCR, which have been managed by OmniTRAX
for several years, are expected to continue unchanged following the
acquisition. The ATN, based in Gadsden, AL, operates 120 miles track
used to transport cement, pulp board, food products, canned goods, steel
and other commodities. The FCR, based in Atlanta, operates 25 miles of
track in the Fulton County Industrial Park providing service to
warehouses and light manufacturing companies transporting food products,
metals, building materials, paper and packaging products.

About OmniTRAX, Inc.

As one of North America’s largest private railroad and transportation
management companies, OmniTRAX’s core capabilities range from providing
management services to railroad and port services and to intermodal and
industrial switching operations. Through its affiliation with The Broe
Group and its portfolio of managed companies, OmniTRAX also has the
unique capability of offering specialized industrial development and
real estate solutions, both on and off the rail network managed by
OmniTRAX. More information is available at www.omnitrax.com.

About The Broe Group

The Broe Group, based in Denver, Colorado, is a diversified
privately-owned enterprise with a multi-billion dollar asset base. The
Broe Group and its affiliates employ more than 1,000 people directly and
provide employment for countless others through its Great Western
Industrial Park in Northern Colorado. The Broe Group and its affiliates
own commercial real estate and other businesses across North America.
Its transportation affiliate, OmniTRAX, Inc., is a leading
transportation services firm with railroad, port and terminal
operations, and one of the largest operators of short-line railroads in
the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top
10 driller in Colorado and among the top 100 drillers in the U.S. The
Broe Group has multiple other investment affiliates, including Three
Leaf Ventures, which is focused on innovative healthcare technology
start-ups. For more information, see www.broe.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005557/en/

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