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M&A Deal Summary

International Rail Partners Acquires Grenada Railroad

On August 7, 2018, International Rail Partners acquired transportation company Grenada Railroad from Iowa Pacific Holdings

Acquisition Highlights
  • This is International Rail Partners’ 1st transaction in the Transportation sector.
  • This is International Rail Partners’ 1st transaction in the United States.
  • This is International Rail Partners’ 1st transaction in Mississippi.

M&A Deal Summary
Date 2018-08-07
Target Grenada Railroad
Sector Transportation
Buyer(s) International Rail Partners
Sellers(s) Iowa Pacific Holdings
Deal Type Divestiture

Target

Grenada Railroad

Batesville, Mississippi, United States
Grenada Railroad LLC is an own and operator of 212 miles of rail line between Memphis, TN, and Canton, MS. The railroad currently transports approximately 10,000 carloads of freight annually, including commodities such as forest products, plastics, petroleum products, flour and grain. Grenada Railroad is based in Batesville, Mississippi.

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Buyer(S) 1

Buyer

International Rail Partners

Boca Raton, Florida, United States
Category Company
Sector Business Services
DESCRIPTION

International Rail Partners LLC is focused on acquiring and operating North American railroads, as well as ancillary rail services throughout the continent.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Mississippi M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Iowa Pacific Holdings

Chicago,, Illinois, United States
Category Company
Founded 2001
Sector Transportation
DESCRIPTION

Iowa Pacific Holdings, LLC engages in the rail-related businesses. Iowa Pacific Holdings has focused on smaller feeder railroads with annual revenues of $10 million and less.

DEAL STATS #
Overall 2 of 2
Sector: Transportation M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Mississippi M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-02 Arizona Eastern Railway Co.

Claypool,, Arizona, United States

Arizona Eastern Railway Co. primarily provides rail service to Freeport-McMoRan's largest North American copper mine and its North American smelter, hauling copper concentrate, copper anode, copper rod and sulfuric acid.

Sell $90M
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