Pan Am Systems
Diversified American company / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Pan Am Systems?
Summarize this article for a 10 year old
Pan Am Systems was a privately held Portsmouth, New Hampshire-based[1] Florida corporation composed of rail transport, manufacturing and energy, transportation related brands, and real estate divisions.[2] It formerly held a now-defunct airline division.
Formerly | Guilford Transportation Industries |
---|---|
Company type | Private |
Industry | rail transport manufacturing and energy transportation related brands real estate |
Founded | 1998 |
Founder | Timothy Mellon |
Defunct | June 1, 2022 (2022-06-01) |
Fate | Acquired by CSX Corporation |
Headquarters | , |
Subsidiaries |
|
Pan Am Systems was put up for sale in July 2020.[3] On November 30, 2020, CSX Corporation announced that it had signed a definitive agreement to purchase Pan Am Systems. The sale of Pan Am Systems to CSX underwent regulatory review by the Surface Transportation Board,[4][5] which approved the sale on April 14, 2022.[6] At midnight on June 1, 2022, CSX began operating Pan Am Systems and its Pan Am Railways; also, Pan Am Systems was merged into a temporary subsidiary of CSX which will eventually merge into CSX.