Bluejay Capital Announces Acquisition of MobilGrain
Bluejay Capital Partners Completes Acquisition of RPM Freight Systems
June 13, 2024
Bluejay Capital Announces Acquisition of MobilGrain
Bluejay Capital Partners is excited to announce they are partnering with GCM Grosvenor to acquire AGT Food’s shortline rail and bulk handling infrastructure, comprising Mobil Grain Ltd.
The sale includes MobilGrain and its operating subsidiaries: Last Mountain Rail, with 140 kms (87 miles) running from the Regina Plains to Central Saskatchewan, including 160 kms (100 miles) of running rights on CN; Big Sky Rail, with 431 kms (258 miles) running from Central Saskatchewan through West Central Saskatchewan; MobilEx Terminal Ltd., a port and loading facility for grain and potash located in Thunder Bay, Ontario; and Intermobil, a privately-operated, state-of-the-art intermodal terminal located in Regina, SK, featuring CN service to the Atlantic, Pacific and Gulf Coasts and CN’s intermodal terminals. Bulk loading infrastructure includes Saskatchewan facilities in Condie, Aylesbury, Delisle, Dinsmore, Lucky Lake, Beechy, Elrose, Kyle, Eston and Laporte for the receiving of grains, canola and pulses from farmers in the region.