# Federal Register #FD 36957

Surface Transportation Board control-exemption notice for Pinsly’s proposed acquisition of Kankakee, Beaverville and Southern Railroad Company

**Buyer:** Surface Transportation Board
**Posted:** October 02, 2026
**Identifier:** FD 36957

The Surface Transportation Board issued a control-exemption notice for Pinsly’s proposed acquisition of Kankakee, Beaverville and Southern Railroad Company.
- Government buyer/issuer: Surface Transportation Board; no sub-agency or office is identified.
- Transaction parties: Macquarie Infrastructure Partners V GP, LLC filed for the benefit of MIP Infrastructure Partners V, MIP V Rail, LP, Pinsly Holdco, LLC, and Pinsly Railroad Company, LLC (Pinsly). Pinsly agreed to acquire all equity interests in Kankakee, Beaverville and Southern Railroad Company (KBSR) from the Stroo Family.
- Railroad operations: KBSR operates approximately 159.7 miles of track in Illinois and Indiana and provides contract-carrier service over approximately 9.5 additional miles in Indiana.
- Other affiliated rail carriers named in the notice: Grenada Railroad, LLC; Florida Gulf & Atlantic Railroad, LLC; Camp Chase Rail, LLC; Chesapeake and Indiana Railroad, LLC; Vermilion Valley Railroad Company, LLC; Pioneer Valley Railroad Company, LLC; Hondo Railway LLC; North Florida Industrial Railroad, LLC; and Georgiana & Andalusia Railroad, LLC.
- The Board found the transaction eligible for exemption from prior approval because KBSR does not connect with the acquiring parties’ affiliated railroads, is not expected to become connected through anticipated transactions, and does not involve a Class I rail carrier.
- The notice states that the transaction is not subject to labor-protective conditions and is categorically excluded from environmental review and historic-preservation reporting requirements.
- OEMs, products, quantities, and part numbers: None identified; this is a railroad-control transaction, not a product or service procurement.

### Description

Macquarie Infrastructure Partners V GP, LLC, for the benefit of MIP Infrastructure Partners V and related entities, filed a verified notice of exemption to acquire control of Kankakee, Beaverville and Southern Railroad Company (KBSR). Under a purchase agreement, Pinsly Railroad Company, LLC has agreed to acquire 100% of KBSR’s equity interests from the Stroo Family. KBSR operates approximately 159.7 miles of track in Illinois and Indiana and operates as a contract carrier over approximately 9.5 additional miles in Indiana. The notice states that the transaction is exempt from prior approval requirements and that the earliest it may be consummated is October 17, 2026.

[View original listing](https://www.federalregister.gov/documents/2026/10/02/2026-20205/macquarie-infrastructure-partners-v-gp-llc-et-al-control-exemption-kankakee-beaverville-and-southern)