M&A Deal Summary

Kansas City Southern and Lanigan Holdings Acquire Panama Canal Railway Company

On June 19, 1998, Kansas City Southern and Lanigan Holdings acquired transportation company Panama Canal Railway Company

Acquisition Highlights
  • This is Kansas City Southern’s 1st and Lanigan Holdings’ 1st transaction in the Transportation sector.
  • This is Kansas City Southern’s 1st and Lanigan Holdings’ 1st transaction in Panama.

M&A Deal Summary

Date 1998-06-19
Target Panama Canal Railway Company
Sector Transportation
Buyer(s) Kansas City Southern
Lanigan Holdings
Deal Type Joint Venture

Target

Panama Canal Railway Company

Ancon, Panama
Panama Canal Railway Company operates a 50 mile rail line between the Atlantic and Pacific sides of Panama.

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Buyer(S) 2

Buyer

Kansas City Southern

Kansas City, Missouri, United States

Category Company
Founded 1887
Sector Transportation
Employees7,040
Revenue 2.6B USD (2020)
DESCRIPTION
Entrance to Kansas City Southern's corporate headquarters in downtown Kansas City, Missouri.
Entrance to Kansas City Southern's corporate headquarters in downtown Kansas City, Missouri.

Kansas City Southern is a transportation holding company that has railroad investments in the U.S., Mexico, and Panama. Its primary US holding is The Kansas City Southern Railway Company, serving the central and south-central US. Kansas City Southern was formed in 1887 and is based in Kansas City, Missouri.


DEAL STATS #
Overall 1 of 2
Sector: Transportation M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: Panama M&A 1 of 1
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-09 Mexrail

Laredo, Texas, United States

Mexrail, Inc. is a Delaware corporation that has been the American holding company for The Texas Mexican Railway since 1982.

Buy -
Buyer

Lanigan Holdings

Hazel Crest, Illinois, United States

Category Company
Sector Transportation
DESCRIPTION

Lanigan Holdings is a transportation company based in Hazel Crest, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Panama M&A 1 of 1
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-19 ITS ConGlobal

Tinley Park, Illinois, United States

ITS ConGlobal is an North America’s largest operators of intermodal railroad and auto terminals, container yard depots, and provider of intermodal equipment maintenance and repair services. The company has a long history of operational excellence and a strong focus on safety and performance. ITS ConGlobal was founded in 1984 and is based in Tinley Park, Illinois.

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