RR Mergers & Acquisitions Announces Bid Deadline for Railroad Company

Feb. 1, 2013 - PRLog -- RR Mergers & Acquisitions Announces Deadline to Submit Bids for Railroad Services Company

RR Mergers & Acquisitions announces bid deadline for Wood Energy Group, a railroad tie recovery and disposal and railroad tie processing company.

FOR IMMEDIATE RELEASE

January 30, 2013 – St. Louis, MO – Successful completion of Wood Energy Group’s
Chapter 11 process requires all bids for the assets be received by 5:00 PM CST
Monday, February 11, 2013, according to Robert Fowler, President of RR Mergers & Acquisitions.

RR Mergers is the bankruptcy court - approved broker for Wood Energy Group, which recently filed voluntary petitions under Chapter 11 of the federal bankruptcy code in the U.S. bankruptcy court, Southern District of Florida.

Company  revenues,  over  the  past  3  years,  have  averaged  almost  $5.5  million  dollars  annually.

During this same period, the company picked up and disposed an average of approximately 1.5 million railroad ties a year.

In 2011, the company invested in and opened a railroad tie processing facility in Gibsland, Louisiana.
A long term agreement calls for grinding of more than 1.5 million railroad ties a year as a source for bio mass fuel.

An independent appraisal in 2012, valued the company’s various maintenance of way support and grinding equipment used for railroad tie removal and disposal at more than $2.1 million dollars.

Company’s customers have included Canadian National, International Paper, Kansas City Southern,
Rail America’s Atlas Railroad Construction Company, Union Pacific and Universal Forest Products.

The U.S. freight and light rail system has more than 200,000 miles of track utilizing approximately 700 million railroad ties. Approximately 15 to 20 million ties are picked up and disposed in the U.S. each year.

About RR Mergers & Acquisitions:

RR  Mergers  &  Acquisitions  is  North  America's  leading  specialist  in the sale of rail service and supplier companies,  having  sold  more  rail  sector  companies than anyone.  RR Mergers & Acquisitions is uniquely dedicated to companies that provide services and products to North America's freight,  private industrial, and passenger   railroads.   The   company   draws   upon  substantial   research,  valuation,  marketing,  industry-specific resources, and expertise while regularly consulting rail sector companies top management.

Jack Sickles, Vice President

RR Mergers & Acquisitions

314 878-1414 x 221, jack@rrmergers.com