Fortress Closes RailAmerica LBO

Fortress Investment Group has completed its $16.35 per share buyout of RailAmerica Inc. (NYSE: RRA), a Boca Raton, Fla.-based short line and regional rail service provider with 42 railroads operating approximately 7,800 miles in the U.S. and Canada. As part of the deal close, RailAmerica will de-list from the NYSE.