M&A Deal Summary

Platinum Equity Acquires American Commercial Barge Line

On October 18, 2010, private equity firm Platinum Equity acquired transportation company American Commercial Barge Line for 777M USD

Acquisition Highlights
  • This is Platinum Equity’s 1st transaction in the Transportation sector.
  • This is Platinum Equity’s 17th largest (disclosed) transaction.
  • This is Platinum Equity’s 34th transaction in the United States.
  • This is Platinum Equity’s 1st transaction in Indiana.
Investment Fate
  • American Commercial Barge Line went bankrupt in 2020.

M&A Deal Summary

Date 2010-10-18
Target American Commercial Barge Line
Sector Transportation
Buyer(s) Platinum Equity
Deal Type Going Private
Deal Value 777M USD
Advisor(s) BofA Securities (Financial)
Hogan Lovells (Legal)

Target

American Commercial Barge Line

Jeffersonville, Indiana, United States
American Commercial Lines Inc. is an integrated marine transportation and service company operating in the United States.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 40 of 152
Sector (Transportation) 1 of 7
Type (Going Private) 5 of 12
State (Indiana) 1 of 3
Country (United States) 34 of 119
Year (2010) 4 of 6
Size (of disclosed) 17 of 31
PREVIOUS DEAL
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
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