Union Pacific Mergers & Acquisitions

Union Pacific M&A Summary

Union Pacific has acquired 6 companies, including 4 in the last 5 years. It has also divested 1 asset.

Union Pacific’s largest acquisition to date was in 2025, when it acquired Norfolk Southern for $85.0B. Union Pacific has acquired in 6 different US states. The Company’s most targeted sectors include transportation (84%) and business services (17%).

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Union Pacific

Union Pacific Corp.

1400 Douglas Street,
Omaha, Nebraska 68179
United States,
(402) 544-5000
www.up.com

All (7) Buy (6) Sell (1)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2025-07-29 Norfolk Southern · Transportation
Atlanta, Georgia · www.norfolksouthern.com

Norfolk Southern primarily engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. Norfolk Southern also transports overseas freight through several Atlantic and Gulf Coast ports and provides comprehensive logistics services through an extensive intermodal network in the eastern half of the United States. Norfolk Southern was formed in 1980 and is based in Atlanta, Georgia.

Revenue (mlns) 12,123 USD
Advisors: BofA Securities , Wachtell, Lipton, Rosen & Katz
85,000
7.0x REVENUE
Add-on Acquisition

Union Pacific
Advisors: Morgan Stanley , Skadden, Arps, Slate, Meagher & Flom , Wells Fargo Securities

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