M&A Deal Summary

First Union Rail Acquires GE Railcar Services

On September 30, 2015, First Union Rail acquired financial services company GE Railcar Services from GE Capital

Acquisition Highlights
  • This is First Union Rail’s 1st transaction in the Financial Services sector.
  • This is First Union Rail’s 1st transaction in Canada.
  • This is First Union Rail’s 1st transaction in Alberta.

M&A Deal Summary

Date 2015-09-30
Target GE Railcar Services
Sector Financial Services
Buyer(s) First Union Rail
Sellers(s) GE Capital
Deal Type Divestiture

Target

GE Railcar Services

Calgary, Alberta, Canada
GE Railcar Services, Inc. is a provider of financial services to railroad cars and intermodal trailers.

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Buyer(S) 1

Buyer

First Union Rail

Rosemont, Illinois, United States

Category Company
Founded 1995
Sector Financial Services
DESCRIPTION

First Union Rail Corp. is a provider of customized finance and operating lease structures, as well as marketing and transportation management services with a wide selection of box cars, covered hoppers, gondolas, open-top hoppers, flat cars, tank cars, intermodal equipment and locomotive


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

GE Capital

Norwalk, Connecticut, United States

Category Company
Founded 1932
Sector Financial Services
Employees47,000
DESCRIPTION

GE Capital is the financing division of General Electric Co and is currently comprised of GE Capital Aviation Services and GE Energy Financial Services. These entities provide commercial lending and leasing, as well as a range of financial services for commercial aviation, energy, and support for GE's industrial business unit.


DEAL STATS #
Overall 6 of 12
Sector: Financial Services M&A 2 of 6
Type: Divestiture M&A Deals 6 of 10
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-15 Latitude Financial Services

Docklands, Australia

Latitude Financial Services is an independent digital payments and finance company serving consumers across Australia. The Company was founded in 2015 and is based in Docklands, Australia.

Sell $8.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 General Electric Capital Corp - Healthcare Financial Services Lending Business

United States

General Electric Capital Corp - Healthcare Financial Services Lending Business is a provider of financial services healthcare industry.

Sell -