M&A Deal Summary |
|
|---|---|
| Date | 2017-03-28 |
| Target | Florida East Coast Railway |
| Sector | Transportation |
| Buyer(s) | GMXT |
| Sellers(s) | Florida East Coast Industries |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.1B USD |
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GMXT is a transportation company in Mexico, with more than 6,200 miles (10,000 km) of rail track covering major industrial and commercial zones in the country and connecting to international transportation networks through eight seaports and six border crossings, handling just over 1.4 million loads per year.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Transportation) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Florida) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
Florida East Coast Industries operates through four distinct business lines including Brightline, the United States’ first privately owned, operated and maintained intercity passenger rail system; Flagler Global Logistics, an integrated logistics company that offers a wide range of logistics services and real estate solutions; Parallel Infrastructure, a national developer, owner, operator, and manager of telecommunications towers for the wireless industry; and Flagler, a full service commercial real estate company. Florida East Coast Industries is based in Miami, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Transportation) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Florida) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
