M&A Deal Summary

Golden Isles Terminal Railroad Acquires Savannah Wharf Branch Rail Line

On August 30, 2004, Golden Isles Terminal Railroad acquired transportation company Savannah Wharf Branch Rail Line from CSX

Acquisition Highlights
  • This is Golden Isles Terminal Railroad’s 1st transaction in the Transportation sector.
  • This is Golden Isles Terminal Railroad’s 1st transaction in the United States.
  • This is Golden Isles Terminal Railroad’s 1st transaction in Georgia.

M&A Deal Summary

Date 2004-08-30
Target Savannah Wharf Branch Rail Line
Sector Transportation
Buyer(s) Golden Isles Terminal Railroad
Sellers(s) CSX
Deal Type Divestiture

Target

Savannah Wharf Branch Rail Line

Georgia, United States
Savannah Wharf Branch rail line is a 6.5 miles of track and related assets and a twenty year lease of the related real estate along the rail line.

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Buyer(S) 1

Buyer

Golden Isles Terminal Railroad

Brunswick, Georgia, United States

Category Company
Founded 1998
Sector Transportation
DESCRIPTION

Golden Isles Terminal Railroad which has two existing operations in the Savannah area, an intermodal facility and the railroad serving the Georgia Port Authority, Rail Link serves 28 industrial sites in 11 states and operates 10 shortline railroads.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1

Seller(S) 1

SELLER

CSX

Jacksonville, Florida, United States

Category Company
Founded 1978
Sector Transportation
Employees23,500
Revenue 14.5B USD (2024)
DESCRIPTION
CSX's corporate headquarters in Jacksonville, Florida.
CSX's corporate headquarters in Jacksonville, Florida.

CSX is a national railroad company principally serving the southeast US. The company's rail and intermodal businesses provide rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. CSX was founded in 1978 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 2 of 2
Sector: Transportation M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-05 Horizon Lines

Charlotte, North Carolina, United States

Horizon Lines, Inc. is a container transportation shipping company, accounting for over 35% of all U.S. marine container shipments from the U.S. mainland to Alaska, Hawaii / Guam and Puerto Rico.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Eastern Associated Terminal Company

Tampa, Florida, United States

Eastern Associated Terminal Company LLC, is a marine transportation company.

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