Lake State Railway Company Appoints Two Industry Leaders to its Board of Directors

Saginaw, MI June 14, 2022 – Lake State Railway Company (“LSRC” or the “Company”), a Michigan-based regional freight railroad critical to the North American transportation infrastructure supply chain, is pleased to announce the appointment of R. Matt Davis and James F. Earl to its Board of Directors. Mr. Davis’ and Mr. Earl’s collective business and rail industry expertise will be instrumental in supporting LSRC through its next phase of growth. These appointments follow the Company’s previous announcement related to a strategic investment from Antin Infrastructure Partners.

R. Matt Davis spent 32 years at Dow Inc. (NYSE:DOW), ultimately serving as President of Dow North America, Senior VP of Global Corporate Affairs, and a member of Dow’s Executive Leadership Committee. Mr. Davis is the President of Driftwood Leadership focusing on leadership strategies and inspirational training for organizations and individuals. He is a member of the Board of Directors for Altria Group Inc. (NYSE:MO). Mr. Davis is also a member of the Advisory Board for Trumble, Inc.; and a member of the Board of Directors and Strategic Advisor for the World Freerunning Parkour Federation (WFPF). He is chairman of the Board of Directors for Saratoga WarHorse which has the Mission to improve the physical, mental, and emotional health of veterans by providing a healing, equine-assisted experience utilizing off-the-track Thoroughbreds. He is also an Alumni Board Member of Michigan State University’s College of Communication Arts & Science

Mr. Davis holds a Bachelor of Science degree from Michigan State University in Journalism with an emphasis in Public Affairs, and also attended the University of Michigan and Central Michigan University.

Mr. Davis commented: “I’m proud to be a member of Lake State’s Board. As a Michigan-native, I appreciate the opportunity to partner with a Saginaw-based, family-oriented business supporting the State’s critical manufacturing and agricultural industries. I look forward to being a part of the growth driven by John and his team.” 

James F. Earl was an executive with GATX Corporation (NYSE:GATX) from 1988 to 2018, ultimately serving as Executive Vice President, President of its Rail International Division and CEO of GATX’s American Steamship Company. He also serves on the boards of Harsco Corporation (NYSE:HSC), Textainer Group Holdings, Ltd. (NYSE:TGH) and the privately-held Northern Plains Rail Companies. Mr. Earl has a Bachelor of Science degree from Washington University in St. Louis and an MBA from the Wharton School at the University of Pennsylvania.

Mr. Earl commented: “I am thrilled to join the Lake State Board. I have known John Rickoff [LSRC CEO] and the Lake State team for many years, and have been impressed by their ability to consistently provide quality service to a growing customer base. I look forward to supporting Lake State as it pursues the next phase of its growth.” 

John Rickoff, President and CEO of LSRC, commented: “We are very pleased to have Matt and Jim join the Lake State Board. Both have extensive and diverse backgrounds in business and the rail industry, with deep ties to Michigan and the Midwest. I know that they will be great partners to support Lake State as we continue to expand our platform.”

For more information on Lake State Railway Company, visit http://www.lsrc.com.

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About Lake State Railway Company

Lake State Railway Company is a Michigan-based progressive regional railroad that has been providing “Excellence in Transportation” since 1992. LSRC’s approximately 375 operating miles of track run from Plymouth through its headquarters in Saginaw, up to Bay City, Gaylord and Alpena. Lines also run to Midland and Paines.

To learn more about Lake State Railway Company, visit www.lsrc.com, or follow the company on LinkedIn.

About Antin Infrastructure Partners

Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With over €22bn in Assets under Management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, telecom, transport and social infrastructure sectors. Based in Paris, London, New York, Singapore and Luxembourg, Antin employs over 165 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to investors and portfolio companies. Majority owned by its partners, Antin is listed on compartment A of the regulated market of Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0).