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  6. Genco Shipping Acquires Baltic Trading

M&A Deal Summary

Genco Shipping Acquires Baltic Trading

On July 17, 2015, Genco Shipping acquired transportation company Baltic Trading

Acquisition Highlights
  • This is Genco Shipping’s 1st transaction in the Transportation sector.
  • This is Genco Shipping’s 1st transaction in the United States.
  • This is Genco Shipping’s 1st transaction in New York.

M&A Deal Summary
Date 2015-07-17
Target Baltic Trading
Sector Transportation
Buyer(s) Genco Shipping
Deal Type Add-on Acquisition
Advisor(s) Blackstone Advisory Partners
Solomon Partners
Evercore Group (Financial)
Kaye Scholer LLP (Legal)

Target

Baltic Trading

New York, New York, United States
Baltic Trading Ltd. is a shipping company focused on the drybulk industry spot market.

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Buyer(S) 1

Buyer

Genco Shipping

New York, New York, United States
Category Company
Founded 2004
Sector Transportation
Employees1,037
Revenue 423M USD (2024)
DESCRIPTION

Genco Shipping is a shipping transportation company. Genco Shipping was founded in 2004 and is based in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
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