Tag: Fortress Investment Group

Railways & Randal Nardone: Billionaire Tycoons

Published / by CapaConf

Transportation is one of the primary elements of a productive workforce. American industrial development in the 1900s depended on railroad barons to connect the nation together. Now, billionaire Randal Nardone & railways are providing the next stage of transportation development.

Transportation Movements

Those who have achieved the highest level of transportation can build empires. Those who fall behind, might see their empires crumble before their very eyes. Transportation has played a pivotal role throughout human civilization.

King Richard III said the following, according to William Shakespeare – “A horse, a horse, my kingdom for a horse.

Once the Spaniards could reach the New World, they could conquer it. Once the Union could depend on its powerful railroad network, it could defeat the Confederacy. The railroad tycoons were the difference between success and failure for many small Western towns.

But, when the airline industry started to grow, the railroads were left behind. Many stopped paying attention. They preferred to turn railroad tracks into bicycle paths, but not Randal Nardone Co-Founder of the Fortress Investment Group.

Valuable Railways of Tomorrow

Randal Nardone’s Fortress has purchased a couple of railroads throughout its history. It rolled some of these into its RailAmerica holding company. Eventually, Fortress resold RailAmerica through an initial public offering in October 2009.

Another Fortress railroad consisted of tracks between Jacksonville and Miami, Florida. This was referred to as the Florida East Coast Railway (FEC). Eventually, this was sold to a Mexican rail freight transportation company.

In 2014, the Fortress added Montreal Maine & Atlantic Railway to the fold. The hedge fund planned to invest $10 to $20 million to repair the railroad infrastructure. The plan was to re-brand the railroad as the Central Maine & Quebec Railway.

Not everyone can take an old transportation asset and make it valuable again. Randal Nardone’s Fortress was able to do this. He seemed to have a golden touch – just like the billionaire tycoons of old.

And, valuable assets like these also made a new class of billionaires, including Randal Nardone. In 2007, Randal Nardone was #557 on Forbes Billionaire’s List. Mr. Nardone has an eye for value.

Randal Nardone Vision

Instead of focusing on glitzy assets, Randal Nardone focused on key underlying value. His Fortress was an important capital source for revamping the lines. Every day, the freight of production move along these railroads and their failure could be a catastrophe.

The Fortress Investment Group has built up an impressive list of assets. They understand that new forms of technology still build upon the assets of yesteryear. The train has been called the “Iron Horse” and “horsepower” is still used as a measurement of force by the automobile industry.

Recycling old transportation assets by the Fortress Investment Group has created a solid portfolio of wealth. This has sparked the interest of SoftBank, who added the Fortress to their Vision Fund Strategy in 2017. The railways continue to make billionaire tycoons, like Randal Nardone.

Read More: www.marketswiki.com/wiki/Randal_A._Nardone