M&A Deal Summary |
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Date | 2014-11-11 |
Target | Horizon s Alaska Operations |
Sector | Transportation |
Buyer(s) | Matson |
Sellers(s) | Horizon Lines |
Deal Type | Divestiture |
Deal Value | 456M USD |
Advisor(s) | Goldman Sachs (Financial) Kirkland & Ellis (Legal) |
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Category | Company |
---|---|
Founded | 1882 |
Sector | Transportation |
Employees | 4,315 |
Revenue | 3.1B USD (2023) |
Matson is a U.S. transportation carrier in the Pacific. Matson serves Hawaii, Guam, Micronesia and select South Pacific islands, and operates an expedited service from China to Southern California. The Company's fleet consists of 18 owned and three chartered vessels including containerships, combination container/roll-on/roll-off ships, and custom-designed barges. Matson was founded in 1882 and is based in Honolulu, Hawaii.
DEAL STATS | # |
---|---|
Overall | 3 of 3 |
Sector (Transportation) | 3 of 3 |
Type (Divestiture) | 1 of 1 |
Country (United States) | 2 of 2 |
Year (2014) | 2 of 2 |
Size (of disclosed) | 2 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-11-11 |
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. |
Buy | $469M |
Category | Company |
---|---|
Founded | 1956 |
Sector | Transportation |
Employees | 1,621 |
Revenue | 1.0B USD (2013) |
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.
DEAL STATS | # |
---|---|
Overall | 3 of 3 |
Sector (Transportation) | 3 of 3 |
Type (Divestiture) | 2 of 2 |
Country (United States) | 3 of 3 |
Year (2014) | 2 of 2 |
Size (of disclosed) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-11-11 |
Horizon Lines - Hawaii Trade Lane Assets and Liabilities
Hawaii, United States Horizon Lines - Hawaii trade lane assets and liabilities provides a reliable transportation services that leverage its unique combination of ocean transportation and inland distribution capabilities to deliver goods that are vital to the prosperity of the markets it serves. |
Sell | $142M |