CSX Mergers and Acquisitions Summary

TransportationCompany

CSX has acquired 4 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

It’s largest disclosed sale occurred in 2002, when it sold Horizon Lines to The Carlyle Group for $300M. CSX has acquired in 3 different US states. The Company’s most targeted sectors include transportation (75%) and marine (25%).

Join Mergr and gain access to CSX’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the transportation sector.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • 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. CSX's rail and intermodal businesses provide rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. CSX was formed in 1978 and is based in Jacksonville, Florida.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 3 - - - - 1 4
Sell (0.0/yr) # 2 - - - - - 2
vol $300M $300M
  6

Most Recent M&A

Company Date Value Type
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 3 (75%) - 2 (100%) 300M (100%)
Marine 1 (25%) - - -
Total 4 - 2 $300M

By Geo

State/Country Buy Value Sell Value
United States 4 - 2 300M
  Florida 2 - - -
  Pennsylvania 1 - - -
  Indiana 1 - - -
  North Carolina - - 1 300M
  Georgia - - 1 -
Total 4 - 2 $300M

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
1
Legal Deals
Davis Polk & Wardwell LLP
1

Deal Values

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)
25%
1 (25%)
Strategic(s)
50%
2 (50%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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