M&A Deal Summary

Canadian Pacific Kansas City Acquires Kansas City Southern

On September 15, 2021, Canadian Pacific Kansas City acquired transportation company Kansas City Southern for 27.0B USD

Acquisition Highlights
  • This is Canadian Pacific Kansas City’s 3rd transaction in the Transportation sector.
  • This is Canadian Pacific Kansas City’s largest (disclosed) transaction.
  • This is Canadian Pacific Kansas City’s 4th transaction in the United States.
  • This is Canadian Pacific Kansas City’s 1st transaction in Missouri.

M&A Deal Summary

Date 2021-09-15
Target Kansas City Southern
Sector Transportation
Buyer(s) Canadian Pacific Kansas City
Deal Type Merger
Deal Value 27.0B USD
Advisor(s) Morgan Stanley
BofA Securities (Financial)
Wachtell, Lipton, Rosen & Katz
Davies Ward Phillips & Vineberg
Wilmer Cutler Pickering Hale and Dorr
White & Case (Legal)

Target

Kansas City Southern

Kansas City, Missouri, United States
Entrance to Kansas City Southern's corporate headquarters in downtown Kansas City, Missouri.
Entrance to Kansas City Southern's corporate headquarters in downtown Kansas City, Missouri.
Kansas City Southern is a transportation holding company that has railroad investments in the U.S., Mexico, and Panama. Its primary US holding is The Kansas City Southern Railway Company, serving the central and south-central US. Kansas City Southern was formed in 1887 and is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

Canadian Pacific Kansas City

Calgary, Alberta, Canada

Category Company
Founded 1881
Sector Transportation
Employees19,943
Revenue 14.5B CAD (2024)
DESCRIPTION
Entrance to CPKC's headquarters in Calgary, Alberta.
Entrance to CPKC's headquarters in Calgary, Alberta.

Canadian Pacific Kansas City is a railway connecting Canada, the United States, and Mexico. CPKC is a coast-to-coast railroad that operates tracks across North America. CPKC was founded in 1881 and is based in Calgary, Alberta.


DEAL STATS #
Overall 5 of 5
Sector: Transportation M&A 3 of 3
Type: Merger M&A Deals 1 of 1
State: Missouri M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-16 Detroit River Tunnel Co.

Detroit, Michigan, United States

Detroit River Tunnel Co. owns a cross-border rail tunnel linking Detroit, Michigan, and southwestern Ontario - a vital transportation link for commercial freight between the United States and Canada in the critical transportation corridor between the Port of Montreal and Chicago.

Buy $312M