M&A Deal Summary

Genesee & Wyoming Acquires CAGY Industries

On June 2, 2008, Genesee & Wyoming acquired transportation company CAGY Industries for 78M USD

Acquisition Highlights
  • This is Genesee & Wyoming’s 12th transaction in the Transportation sector.
  • This is Genesee & Wyoming’s 9th largest (disclosed) transaction.
  • This is Genesee & Wyoming’s 11th transaction in the United States.
  • This is Genesee & Wyoming’s 1st transaction in Mississippi.

M&A Deal Summary

Date 2008-06-02
Target CAGY Industries
Sector Transportation
Buyer(s) Genesee & Wyoming
Deal Type Add-on Acquisition
Deal Value 78M USD

Target

CAGY Industries

Columbus, Mississippi, United States
CAGY Industries own and operate a fleet of 22 locomotives, own and lease more than 280 miles of track and are expected to haul more than 26,000 carloads of freight traffic.

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Buyer(S) 1

Buyer

Genesee & Wyoming

Darien, Connecticut, United States

Category Company
Founded 1899
Sector Transportation
Employees8,000
Revenue 2.3B USD (2018)
DESCRIPTION

Genesee & Wyoming owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. Genesee & Wyoming was founded in 1899 and is based in Darien, Connecticut.


DEAL STATS #
Overall 12 of 26
Sector (Transportation) 12 of 24
Type (Add-on Acquisition) 3 of 11
State (Mississippi) 1 of 1
Country (United States) 11 of 19
Year (2008) 3 of 6
Size (of disclosed) 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-15 Rotterdam Rail Feeding B.V.

Rotterdam, Netherlands

Rotterdam Rail Feeding B.V. is an independent provider of short-haul rail and switching services. RRF's principal business is "last mile" rail services within the Port of Rotterdam for long-haul railroads and industrial customers.

Buy $21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Ohio Central Railroad System

Mc Kee's Rocks,, Pennsylvania, United States

Ohio Central Railroad System operates over 445 miles of track and owns 64 locomotives. The railroads handle approximately 140,000 annual carloads, primarily in the coal, steel and solid waste industries.

Buy $234M