M&A Deal Summary

Genesee & Wyoming Acquires Utah Railway

On August 29, 2002, Genesee & Wyoming acquired transportation company Utah Railway from Mueller Industries for 54M USD

Acquisition Highlights
  • This is Genesee & Wyoming’s 3rd transaction in the Transportation sector.
  • This is Genesee & Wyoming’s 10th largest (disclosed) transaction.
  • This is Genesee & Wyoming’s 3rd transaction in the United States.
  • This is Genesee & Wyoming’s 1st transaction in Utah.

M&A Deal Summary
Date 2002-08-29
Target Utah Railway
Sector Transportation
Buyer(s) Genesee & Wyoming
Sellers(s) Mueller Industries
Deal Type Divestiture
Deal Value 54M USD

Target

Utah Railway

Provo, Utah, United States
Utah Railway Co.operates over 45 miles of owned track and 378 miles under track access agreements. These trackage rights include agreements with the Union Pacific from Provo, Utah to Grand Junction, Colorado and with BNSF from Provo, Utah to Ogden, Utah.

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Buyer(S) 1

Buyer

Genesee & Wyoming

Darien, Connecticut, United States

website

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 3 of 26
Sector (Transportation) 3 of 24
Type (Divestiture) 2 of 14
State (Utah) 1 of 1
Country (United States) 3 of 19
Year (2002) 2 of 2
Size (of disclosed) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-25 Emons Transportation Group

York,, Pennsylvania, United States

Emons Transportation Group operates as a rail freight transportation and distribution services company.

Buy $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-19 Chattahoochee Industrial Railroad

Cedar Springs, Georgia, United States

Chattahoochee Industrial Railroad operates more than 15 miles of track between Hilton and Saffold. Chattahoochee Industrial serves Georgia-Pacific's Cedar Springs containerboard mill, which is one of the company's largest and lowest-cost containerboard facilities. Chattahoochee Industrial Railroad hauled 19,561 carloads, including pulp and paper (73 percent), coal (13 percent), forest products (5 percent), metals (4 percent), and chemicals (4 percent).

Buy -

Seller(S) 1

SELLER

Mueller Industries

Memphis, Tennessee, United States

website

Category Company
Founded 1917
Sector Metals/Mining
Employees5,337
Revenue 4.0B USD (2022)
DESCRIPTION

Mueller Industries is a manufacturer of copper tube and fittings; brass and copper alloy rod, bar and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic fittings and valves; refrigeration valves and fittings; and fabricated tubular products. Mueller Industries was founded in 1917 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 2
State (Utah) 1 of 1
Country (United States) 1 of 2
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-27 Extruded Metals

Belding, Michigan, United States

Extruded is a manufacturer of brass rods of various shapes, sizes, and alloys for sale to original equipment manufacturers, screw machine shops, service centers, and others.

Buy -
Mergr

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