Equity Firm Invests in Lake State Railway

An international private equity firm has invested in Michigan regional railroad Lake State Railway.

The scope of the investment by Antin Infrastructure Partners was not disclosed.

In a news release, the two parties described it as a “strategic investment” that positions the railroad for growth.

Lake State has 375 miles of track in the eastern half of Michigan’s Lower Peninsula, most of which stretches from Plymouth north to Gaylord and Alpena.

Founded in 1992, the railroad serves more than 60 shippers a month and handled more than 60,000 carloads in 2021.

Antin has more than $24 billion in assets with offices in Paris, London, New York, Singapore and Luxembourg.

Tags: Antin Infrastrructure Partners, Lake State Railway, Michigan Railroads, private equity firms