A Florida-based company called Great Lakes Partners has purchased the assets of the insolvent rail company involved in last summer's Lac-Mégantic tragedy for an undisclosed sum.
The Montreal, Maine and Atlantic railway was essentially put up for auction Tuesday morning in Portland, Me. The minimum bid was set at $15.7 million.
The company filed for bankruptcy protection not long after dozens of its oil tankers slid off the tracks and exploded over Lac-Mégantic in the early morning hours of July 6, killing 47 people and leaving much of the town's center in ruins.
MM&A operates about 770 kilometres of track in Maine, Vermont and Canada.