CSX - M&A Summary and Business Overview

TransportationCompany

CSX M&A Summary

CSX has acquired 5 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

CSX’s largest acquisition to date was in 2022, when it acquired Pan Am Railways for $601M. It’s largest disclosed sale occurred in 2002, when it sold Horizon Lines to The Carlyle Group for $300M. CSX has acquired in 4 different US states. The Company’s most targeted sectors include transportation (80%) and marine (20%).

CSX Business Overview

Where is CSX headquartered?

CSX is headquartered in Jacksonville, Florida.

What is CSX’s revenue?

CSX disclosed revenue of 14,657M USD for 2023 and 14,853M USD for 2022.

How many employees does CSX have?

CSX has 22,500 employees.

What sector is CSX in?

CSX is a transportation company.

When was CSX founded?

CSX was founded in 1978.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity5
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 2

CSX

CSX Corp.

500 Water Street, 15th Floor,
Jacksonville, Florida 32202
United States,
(904) 359-3200
www.csx.com

CSX is a national railroad company principally serving the southeast US. The company's rail and intermodal businesses provide rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. CSX was founded in 1978 and is based in Jacksonville, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 3 - 1 1 - - 5
vol $601M $601M
Sell (0.0/yr) # 2 - - - - - 2
vol $300M $300M
  7

Most Recent M&A

Company Date Value Type
Pan Am Railways, Inc. 2022-04-14 601M USD Add-on Acquisition
North Billerica, Massachusetts · www.panamrailways.com
Quality Carriers, Inc. 2021-05-12 - Divestiture
Tampa, Florida · www.qualitycarriersinc.com
Eastern Associated Terminal Company LLC 2013-08-07 - Divestiture
Tampa, Florida
Savannah Wharf Branch Rail Line 2004-08-30 - Divestiture
, Georgia
Horizon Lines, Inc. 2002-12-05 300M USD Divestiture
Charlotte, North Carolina · www.horizonlines.com
Conrail, Inc. 1997-01-01 - Joint Venture
Philadelphia, Pennsylvania · www.conrail.com
The Indiana Railroad Co. 1994-01-01 - Add-on Acquisition
Indianapolis, Indiana · www.inrd.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Transportation 4 (80%) 601M (100%) 2 (100%) 300M (100%)
Marine 1 (20%) - - -
Total 5 $601M 2 $300M

By Geo

State/Country Buy Value Sell Value
United States 5 601M 2 300M
  Florida 2 - - -
  Pennsylvania 1 - - -
  Massachusetts 1 601M - -
  Indiana 1 - - -
  North Carolina - - 1 300M
  Georgia - - 1 -
Total 5 $601M 2 $300M

Top M&A Advisors

Financial Deals
Goldman Sachs
 2
Legal Deals
Davis Polk & Wardwell
 2

Deal Values

buy # Total
$100M to $1B 1 $601M
TOTAL $601M
Largest Pan Am Railways, Inc.
$601M (2022-04-14)
sell # Total
$100M to $1B 1 $300M
TOTAL $300M
Largest Horizon Lines, Inc.
$300M (2002-12-05)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
40%
2 (40%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Transportation

Revenue

14,657   2% 2023
14,853   19% 2022
12,522   19% 2021
10,583   12% 2020
11,937   3% 2019
12,250   8% 2018
11,408   4% 2017
11,069   7% 2016
11,811   7% 2015
12,669   6% 2014
12,026   3% 2013
11,763   2012
(millions of USD) Show More Show Less

Employees

22,500

Established

1978

Public

NASDAQ: CSX

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