M&A Deal Summary

OmniTRAX and The Broe Group Acquire Covia Holdings - Winchester & Western Railroad

On July 26, 2019, OmniTRAX and The Broe Group acquired transportation company Covia Holdings - Winchester & Western Railroad from Covia for 105M USD

Acquisition Highlights
  • This is OmniTRAX’s 7th and The Broe Group’s 1st transaction in the Transportation sector.
  • This is OmniTRAX’s and The Broe Group’s largest (disclosed) transaction.
  • This is OmniTRAX’s 8th and The Broe Group’s 1st transaction in the United States.

M&A Deal Summary

Date 2019-07-26
Target Covia Holdings - Winchester & Western Railroad
Sector Transportation
Buyer(s) OmniTRAX
The Broe Group
Sellers(s) Covia
Deal Type Divestiture
Deal Value 105M USD

Target

Covia Holdings - Winchester & Western Railroad

Maryland, United States
Covia Holdings Corp. - Winchester & Western Railroad provides point-to-point delivery services.

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Buyer(S) 2

Buyer

OmniTRAX

Denver, Colorado, United States

Category Company
Founded 1986
Sector Transportation
DESCRIPTION

OmniTRAX, Inc. is a private railroad and transportation management company. OmniTRAX’s core capabilities include providing management services to railroads, ports, as well as to intermodal and industrial switching operations.


DEAL STATS #
Overall 8 of 8
Sector (Transportation) 7 of 7
Type (Divestiture) 4 of 4
Country (United States) 8 of 8
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-21 Terracor Group

Wisconsin, United States

Terracor Group Ltd. is a frac sand logistics company, including three transload facilities with vertical silo storage in Texas and Montana. Included in the transaction is a high quality frac sand mining opportunity located in Wisconsin.

Buy -
Buyer

The Broe Group

Denver, Colorado, United States

Category Company
Founded 1972
Sector Diversified
DESCRIPTION

The Broe Group is a diversified company, provides real estate, transportation, energy and investment organization with assets owned and managed across North America. The Broe Group was founded in 1972 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 3
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Icon Parking

New York City, New York, United States

Icon Parking is a provider of parking services in New York City metro and one of the largest in the nation with almost 200 locations. Icon Parking leverages its digital and advanced analytics platform to provide parking operations, management, and related services to clients through extraordinarily engaged team members across commercial office buildings and real estate, food and beverage, municipalities, sports and entertainment, retail, and healthcare, that result in exceptional customer, resident, and tenant experiences. Icon was founded in 1947 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Covia

Independence, Ohio, United States

Category Company
Founded 1970
Sector Metals/Mining
Revenue 1.6B USD (2019)
DESCRIPTION

Covia is a producer of high-quality products, distinctive technical capabilities, and the industry’s most comprehensive and accessible distribution network. The company has a strong legacy built on a spirit of partnership with each other which attracts great people and helps them excel while fueling innovation and prosperity for all stakeholders. Covia was founded in 1970 and is based in Independence, Ohio.


DEAL STATS #
Overall 2 of 2
Sector (Transportation) 1 of 1
Type (Divestiture) 2 of 2
Country (United States) 2 of 2
Year (2019) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Covia - Calera Business

Independence, Ohio, United States

Covia - Calera Business is a provider of high-calcium quicklime and hydrated lime products to customers in the Southeastern U.S. and across a range of end uses and applications.

Sell -