M&A Deal Summary

The Carlyle Group Acquires ITS ConGlobal

On May 19, 2008, private equity firm The Carlyle Group acquired infrastructure company ITS ConGlobal from Lanigan Holdings

Acquisition Highlights
  • This is The Carlyle Group’s 3rd transaction in the Infrastructure sector.
  • This is The Carlyle Group’s 190th transaction in the United States.
  • This is The Carlyle Group’s 10th transaction in Illinois.
Investment Fate
  • ITS ConGlobal was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2008-05-19
Target ITS ConGlobal
Sector Infrastructure
Buyer(s) The Carlyle Group
Sellers(s) Lanigan Holdings
Deal Type Divestiture
Advisor(s) Lazard Middle Market (Financial)

Target

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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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 326 of 749
Sector: Infrastructure M&A 3 of 4
Type: Divestiture M&A Deals 32 of 74
State: Illinois M&A 10 of 22
Country: United States M&A 190 of 350
Year: 2008 M&A 14 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-16 Booz Allen Hamilton

McLean, Virginia, United States

Booz Allen Hamilton is a provider of management consulting, technology, and engineering services to the U.S. government in the defense, intelligence, and civil markets. Additionally, the Company provides management and technology consulting services to major corporations, institutions, not-for-profit organizations, and international clients. Booz Allen Hamilton was incorporated in 1914 and is based in McLean, Virginia.

Buy $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 China Forestry Holdings

Beijing, China

China Forestry Holdings Group is a forestry plantation operator in China.

Buy -

Seller(S) 1

SELLER

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: Infrastructure M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-19 Panama Canal Railway Company

Ancon, Panama

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

Buy -