DTCM Partners, The first private equity firm among Railroadfan's paper railroads
Posted: Sun Sep 25, 2022 4:14 pm
Today is an exciting day for the GCRR, DTCM, CTRR, and our newest acquisition, the Illinois & Iowa Railroad (I&IRR). With the latest acquisition of the I&IRR, it was time to create railroadfan's first paper railroad private equity firm, DTCM Partners. The new investment firm was founded with the intention to allow the railroads to operate freely, but with the parent company, this allows however greater connectivity between the 4 railroads when it comes to interchanging.
It also allows the parent company to make large purchases of new and technologically advanced locomotives, which will greatly benefit the profitability of the partner railroads.
At the first DTCM Partners executive meeting, the firm announced several major roster moves, which are:
The sale of 4 stored/serviceable C40-8W's from the DTCM to the Bay City Locomotive Services
The sale of 8 stored/serviceable SD70M-2's from both the DTCM and GCRR to an undisclosed customer
The purchase of 30 ET44AC Tier 4 GEVO's fresh from GE/Wabtec, to be spread 50/50 across the DTCM and GCRR.
The purchase of 12 RP14BD's from RJ Corman, to be split across the CTRR and I&IRR
A route network map is being developed, but DTCM Partners' reach is significant, with trackage in 11 states with all 4 railroads combined.
It also allows the parent company to make large purchases of new and technologically advanced locomotives, which will greatly benefit the profitability of the partner railroads.
At the first DTCM Partners executive meeting, the firm announced several major roster moves, which are:
The sale of 4 stored/serviceable C40-8W's from the DTCM to the Bay City Locomotive Services
The sale of 8 stored/serviceable SD70M-2's from both the DTCM and GCRR to an undisclosed customer
The purchase of 30 ET44AC Tier 4 GEVO's fresh from GE/Wabtec, to be spread 50/50 across the DTCM and GCRR.
The purchase of 12 RP14BD's from RJ Corman, to be split across the CTRR and I&IRR
A route network map is being developed, but DTCM Partners' reach is significant, with trackage in 11 states with all 4 railroads combined.