M&A Deal Summary

Genesee & Wyoming Acquires Arizona Eastern Railway

On August 2, 2011, Genesee & Wyoming acquired transportation company Arizona Eastern Railway from Iowa Pacific Holdings for 90M USD

Acquisition Highlights
  • This is Genesee & Wyoming’s 16th transaction in the Transportation sector.
  • This is Genesee & Wyoming’s 8th largest (disclosed) transaction.
  • This is Genesee & Wyoming’s 15th transaction in the United States.
  • This is Genesee & Wyoming’s 1st transaction in Arizona.

M&A Deal Summary
Date 2011-08-02
Target Arizona Eastern Railway
Sector Transportation
Buyer(s) Genesee & Wyoming
Sellers(s) Iowa Pacific Holdings
Deal Type Divestiture
Deal Value 90M USD

Target

Arizona Eastern Railway

Claypool,, Arizona, United States
Arizona Eastern Railway Co. primarily provides rail service to Freeport-McMoRan's largest North American copper mine and its North American smelter, hauling copper concentrate, copper anode, copper rod and sulfuric acid.

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Buyer(S) 1

Buyer

Genesee & Wyoming

Darien, Connecticut, United States
Category Company
Founded 1899
Sector Transportation
Employees8,000
Revenue 2.3B USD (2018)
DESCRIPTION

Genesee & Wyoming owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. Genesee & Wyoming was founded in 1899 and is based in Darien, Connecticut.

DEAL STATS #
Overall 17 of 26
Sector (Transportation) 16 of 24
Type (Divestiture) 9 of 14
State (Arizona) 1 of 1
Country (United States) 15 of 19
Year (2011) 1 of 1
Size (of disclosed) 8 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Asia Pacific Transport Pty

Hindmarsh, Australia

Asia Pacific Transport Pty Ltd.engages in the construction of railways.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-30 Alice Springs intermodal and freight terminal

Australia

Alice Springs intermodal and freight terminal facility secures ownership of an important long-term asset on the Tarcoola to Darwin rail line that will continue to be used as a primary intermodal terminal serving customers in and around Alice Springs.

Buy AU$10M

Seller(S) 1

SELLER

Iowa Pacific Holdings

Chicago,, Illinois, United States
Category Company
Founded 2001
Sector Transportation
DESCRIPTION

Iowa Pacific Holdings, LLC engages in the rail-related businesses. Iowa Pacific Holdings has focused on smaller feeder railroads with annual revenues of $10 million and less.

DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 2
Type (Divestiture) 1 of 2
State (Arizona) 1 of 1
Country (United States) 1 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Grenada Railroad

Batesville, Mississippi, United States

Grenada Railroad LLC is an own and operator of 212 miles of rail line between Memphis, TN, and Canton, MS. The railroad currently transports approximately 10,000 carloads of freight annually, including commodities such as forest products, plastics, petroleum products, flour and grain. Grenada Railroad is based in Batesville, Mississippi.

Sell -
Mergr

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