In February 2006, Silverton Rail was sold to Western Australian-based South Spur Rail Services. The locomotives and rolling stock were sold to the Allco Finance Group and leased back. Silverton Rail was rebranded as Southern & Silverton Railway. In March 2007, South Spur Rail Services was purchased by Coote Industrial. Following Allco Finance running into financial trouble, Coote Industrial was able to buy much of the former Silverton rolling stock in January 2008 through controlled subsidiary Greentrains. In June 2010 South Spur Rail Services was sold to P&O Trans Australia.