M&A Deal Summary

CN Acquires TransX Group of Companies

On October 30, 2018, CN acquired transportation company TransX Group of Companies

Acquisition Highlights
  • This is CN’s 2nd transaction in the Transportation sector.
  • This is CN’s 1st transaction in Canada.
  • This is CN’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2018-10-30
Target TransX Group of Companies
Sector Transportation
Buyer(s) CN
Deal Type Add-on Acquisition

Target

TransX Group of Companies

Winnipeg, Manitoba, Canada
TransX Group of Companies is a North American transportation company focused on providing transportation and logistics services for businesses of all sizes. TransX was formed in 1963 and is based in Winnipeg, Manitoba.

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Buyer(S) 1

Buyer

CN

Montreal, Quebec, Canada
Category Company
Founded 1919
Sector Transportation
Employees25,179
Revenue 16.8B CAD (2023)
DESCRIPTION
CN terminal in Duluth, Minnesota.
CN terminal in Duluth, Minnesota.

CN is a railway transportation provider serving Canada and the Northern United States. The Company serves approximately 24,000 railroaders transports more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN was founded in 1919 and is based in Montreal, Quebec.

DEAL STATS #
Overall 2 of 3
Sector (Transportation) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-20 Great Lakes Transportation

Monroeville, Pennsylvania, United States

Great Lakes Transportation owns businesses principally engaged in the transportation and handling of bulk commodities. Its units, which operate in four states and on four of the Great Lakes, include the Great Lakes Fleet, Inc.; the Duluth, Missabe & Iron Range Railway Company; the Bessemer and Lake Erie Railroad Company; and The Pittsburgh & Conneaut Dock Company.

Buy $380M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-06 Iowa Northern Railway

Waterloo, Iowa, United States

Iowa Northern Railway is a short line railroad. The Company operates over 250 miles of rail in northeastern Iowa, with a main line track running from Manly to Cedar Rapids (through Waterloo/Cedar Falls) as well as several branch lines that connect to the main track. The Company provides transportation to customers in agriculture, energy, and manufacturing and offers value-add services to Class I railroads. Iowa Northern Railway was established in 1984 and is based in Waterloo, Iowa.

Buy -
Mergr

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