M&A Deal Summary

CP Acquires Detroit River Tunnel

On October 16, 2020, CP acquired infrastructure company Detroit River Tunnel from OMERS Infrastructure for 312M USD

Acquisition Highlights
  • This is CP’s 1st transaction in the Infrastructure sector.
  • This is CP’s 2nd largest (disclosed) transaction.
  • This is CP’s 3rd transaction in the United States.
  • This is CP’s 1st transaction in Michigan.

M&A Deal Summary

Date 2020-10-16
Target Detroit River Tunnel
Sector Infrastructure
Buyer(s) CP
Sellers(s) OMERS Infrastructure
Deal Type Add-on Acquisition
Deal Value 312M USD

Target

Detroit River Tunnel

Detroit, Michigan, United States
Detroit River Tunnel Co. owns a cross-border rail tunnel linking Detroit, Michigan, and southwestern Ontario - a vital transportation link for commercial freight between the United States and Canada in the critical transportation corridor between the Port of Montreal and Chicago.

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Buyer(S) 1

Buyer

CP

Calgary, Alberta, Canada

website


Category Company
Founded 1881
Sector Transportation
Employees12,754
Revenue 8.8B CAD (2022)
DESCRIPTION

CP provides logistics and supply chain expertise. CP was founded in 1881 and is based in Calgary, Canada.


DEAL STATS #
Overall 4 of 5
Sector (Infrastructure) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Michigan) 1 of 1
Country (United States) 3 of 4
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Central Maine & Quebec Railway

Bangor, Maine, United States

Central Maine & Quebec Railway owns 481 miles (774 kilometers) of rail lines primarily in Quebec and Maine. The end-to-end transaction will provide CP customers with seamless, safe and efficient access to ports at Searsport, Maine and to Saint John, New Brunswick, via Eastern Maine Railway Company (EMRY) and New Brunswick Southern Railway (NBSR), thereby preserving and enhancing competition.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Kansas City Southern

Kansas City, Missouri, United States

Kansas City Southern is a transportation holding company that has railroad investments in the U.S., Mexico, and Panama. Its primary US holding is The Kansas City Southern Railway Company, serving the central and south-central US. Kansas City Southern was formed in 1887 and is based in Kansas City, Missouri.

Buy $27.0B

Seller(S) 1

SELLER

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Infrastructure
Founded 1990
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.


DEAL STATS #
Overall 6 of 13
Sector (Infrastructure) 1 of 3
Type (Add-on Acquisition) 3 of 7
State (Michigan) 1 of 2
Country (United States) 2 of 5
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Deutsche Glasfaser

Borken, Germany

Deutsche Glasfaser is a provider of fiber-optic internet connectivity for private households and business customers in rural Germany. Deutsche Glasfaser was founded in 2011 and is based in Borken, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Caruna

Caruna, Finland

Caruna is a regulated electricity distribution utility serving southern, south-western, western and northern Finland and is the country’s largest electricity distribution network. Caruna is based in Caruna, Finland.

Sell -