Phoenix Rail rises with acquisition of Lehigh Valley Rail Management

USA: Infrastructure investor Ancala has launched short line rail business Phoenix Rail, with its first deal being the acquisition of Lehigh Valley Rail Management which owns short line and terminal facilities at Bethlehem and Johnstown in Pennsylvania.

Phoenix Rail is led by CEO Alex Yeros, COO Ross Grantham, CFO Jack Sullan and Chief Strategy Officer Jim Crawford.

The team was p…