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M&A Deal Summary

Genesee & Wyoming Acquires South Buffalo Railway Co.

On October 1, 2001, Genesee & Wyoming acquired transportation company South Buffalo Railway Co. from Bethlehem Steel for 36M USD

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

M&A Deal Summary
Date 2001-10-01
Target South Buffalo Railway Co.
Sector Transportation
Buyer(s) Genesee & Wyoming
Sellers(s) Bethlehem Steel
Deal Type Divestiture
Deal Value 36M USD

Target

South Buffalo Railway Co.

Rochester, New York, United States
South Buffalo operates over 52 miles of owned track in Buffalo, NY with connections to Class I carriers .The primary products currently hauled by the South Buffalo include stamped auto parts, galvanized steel and other specialized bar steel products.

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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 1 of 26
Sector: Transportation M&A 1 of 24
Type: Divestiture M&A Deals 1 of 14
State: New York M&A 1 of 1
Country: United States M&A 1 of 19
Year: 2001 M&A 1 of 1
Size (of disclosed) 12 of 17
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-25 Emons Transportation Group

York,, Pennsylvania, United States

Emons Transportation Group operates as a rail freight transportation and distribution services company.

Buy $19M

Seller(S) 1

SELLER

Bethlehem Steel

Bethlehem, Pennsylvania, United States
Category Company
Founded 1904
Sector Metals/Mining
Employees11,500
DESCRIPTION

Bethlehem Steel Corporation produces a variety of steel mill products, including hot-rolled, cold-rolled, and coated sheets; tin mill products; carbon and alloy plates; rail; specialty blooms.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2001 M&A 1 of 1
Size (of disclosed) 1 of 1
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