M&A Deal Summary

CSX Acquires The Indiana Railroad

On January 1, 1994, CSX acquired transportation company The Indiana Railroad from CID Capital

Acquisition Highlights
  • This is CSX’s 1st transaction in the Transportation sector.
  • This is CSX’s 1st transaction in the United States.
  • This is CSX’s 1st transaction in Indiana.

M&A Deal Summary
Date 1994-01-01
Target The Indiana Railroad
Sector Transportation
Buyer(s) CSX
Sellers(s) CID Capital
Deal Type Add-on Acquisition

Target

The Indiana Railroad

Indianapolis, Indiana, United States
The Indiana Railroad Co., operates a variety of consumer, energy and industrial products, and serves central and southwest Indiana and central Illinois with nationwide connections at transportation hubs such as Chicago, Indianapolis and Louisville, Ky.

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Buyer(S) 1

Buyer

CSX

Jacksonville, Florida, United States
Category Company
Founded 1978
Sector Transportation
Employees22,500
Revenue 14.7B USD (2023)
DESCRIPTION
CSX's corporate headquarters in Jacksonville, Florida.
CSX's corporate headquarters in Jacksonville, Florida.

CSX is a national railroad company principally serving the southeast US. The company's rail and intermodal businesses provide rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. CSX was founded in 1978 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 1 of 5
Sector (Transportation) 1 of 4
Type (Add-on Acquisition) 1 of 2
State (Indiana) 1 of 1
Country (United States) 1 of 5
Year (1994) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Conrail

Philadelphia, Pennsylvania, United States

Conrail operates local rail freight service on behalf of its owners, CSX Corporation and Norfolk Southern Corporation, Conrail continues to provide safe and efficient rail service for many local rail freight customers in Detroit, New Jersey and Philadelphia.

Buy -

Seller(S) 1

SELLER

CID Capital

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CID Capital is a private investment firm that makes both venture capital and private equity investments. CID's private equity practice invests $10 to $15 million of equity capital in lower middle-market companies with $10 to $100 million of revenue and at least $3 million of cash-flow. Funds are generally used to support divestitures, management buyouts, leveraged buyouts, shareholder liquidity, recapitalization, and growth financing. Areas of interest include industrial products and services, general distribution, safety and security products, branded consumer products, medical products and services, building products, and food manufacturing. The Firm prefers investments located within the US. CID Capital was formed in 1981 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 1 of 25
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 1 of 11
State (Indiana) 1 of 8
Country (United States) 1 of 25
Year (1994) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-15 Propane Continental

Overland Park, Kansas, United States

Propane Continental operated a wholesale and retail propane distribution company engaged in acquiring and operating retail propane outlets. The Company grew from one retail outlet to over 35 units across the nation.

Sell -
Mergr

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