Gary O. Marino

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Gary O. Marino (born 1945 ) is an American rail transport entrepreneur.

Life

Gary O. Marino studied at Colgate University from 1962 to 1966 and earned a bachelor's degree in English. He then studied at Fordham University until 1968 and achieved a Master of Business Administration in finance .

Act

From 1966 to 1969, Marino served in the United States Army . He then started working for Franklin National Bank. In 1972 he moved to the Empire National Bank. From 1979 to 1979 he worked at Cosco Industries Inc . He was then Chief Executive Officer and President of Servico Capital Corporation from 1979 to 1983 .

In 1984 he became Chairman of the Board, CEO and President of Boca Raton Capital Corporation (formerly Mariner Corporation). In 1986 he was involved in the acquisition of the Landmark Bank of Palm Beach County and the founding of the First Commercial Bank of Palm Beach.

The Staggers Rail Act 1980 repealed many rail regulations. Among other things, this offered the possibility of establishing shortline and shunting companies. In 1982 Marino supported his brother John H. Marino in acquiring the Canton Railroad. However, this had to file for bankruptcy in 1986 after financial difficulties. In 1986, the Boca brothers used Raton Capital to establish the Huron and Eastern Railway, which acquired 138 kilometers from the CSX in Michigan . After the Saginaw Valley Railroad was founded in 1991, RailAmerica was finally created in 1992 as a listed holding company for rail activities. Gary O. Marino became Chairman and later CEO and President of that company. In October 1993, Marino left Boca Raton Capital as the company was no longer needed.

In the period that followed, RailAmerica expanded rapidly. Several competitors were taken over. At the end of 2003, the company operated 49 railways covering 28,480 km in the USA, Canada, Australia and Chile. He retired as President in June 2004 and resigned as Chairman and Chief Executive Officer in August 2004.

In 2005 he founded Patriot Rail with a similar concept . Here, too, he managed to integrate several smaller railway companies into the company's portfolio. After the infrastructure company SteelRiver Infrastructure Partners acquired Patriot Rail in 2012, he resigned in June 2012 and ended his activities as President, Chairman of the board and CEO.

In 2007 he became a board member of the Banyan Hotel Investment Fund. This resulted in Bhit Inc. in 2008 and Marino became Chairman of the Board, President and CEO. From 2010 the company operated as Banyan Rail Services Inc. However, investments in the rail transport sector fell short of expectations. In 2011 he stepped down as President and in 2013 as CEO. With the focus on the real estate industry from 2016, the company will trade as Medamerica Properties Inc. from June 2017, however, Marino continues to be Chairman of the Board.

In 2012 he founded International Rail Partners LLC. In 2018, this company acquired the Granada Railroad . With the help of Equity Group Investments, RailUSA was founded in October 2018 , which acquired Florida Gulf and Atlantic Railroad in 2019.

Web links

Individual evidence

  1. ↑ 13 Apr 1975, Page 20 - The Journal News at Newspapers.com. Retrieved October 1, 2019 .
  2. ^ John Harrison Marino Sr., 1939-2015. May 29, 2015, Retrieved October 1, 2019 (American English).
  3. ^ RailAmerica Announces Retirement of Gary O. Marino. April 8, 2004, accessed September 27, 2019 .
  4. ↑ Bhit, Inc. Changes Name to Banyan Rail Services Inc. January 6th 2010, retrieved on October 1, 2019 (English).
  5. ^ Banyan Rail Services Inc: Banyan Rail Now MedAmerica Properties Splits Common Stock One for Ten. Retrieved October 1, 2019 .
  6. ↑ FORM 10-K. Retrieved October 1, 2019 .
personal data
SURNAME Marino, Gary O.
BRIEF DESCRIPTION American entrepreneur in rail transport
DATE OF BIRTH 1945