UPDATE: Round 2 and Lionel Trains

We have official confirmation about the sale of Lionel Trains. Round 2 and it’s parent group, Praesidian Capital, have purchased Lionel LLC and are forming the Lionel Brands Group, which will will unite all of these brands under one roof. Richard Berry, CEO of Round 2, will now be CEO of Lionel Brands Group. We’ll provide further info as we get it, and it seems Round 2 will continue to operate under this parent organization.

Here is the press release we received today, March 4, 2026

News of Round 2 purchasing Lionel Trains started to circulate on Friday, Feb. 20, 2026. We’ll share any official confirmation when we get it. Of course, Round 2 is the corporate owner of AMT, Polar Lights, MPC and many other brands.

Stay tuned.